Even though Lamar Jackson won’t be a true free agency until 2023, he is about to receive a hefty salary.
Barring unexpected circumstances, the Ravens will undoubtedly want to keep Jackson under their control. Given that Jackson is one of the NFL’s most explosive quarterbacks, Baltimore will attempt to extend his contract as soon as possible.
If they can’t come to an agreement by the start of free agency in 2023, the team will almost probably put the franchise tag on him.
However, Baltimore would presumably like to close a trade first. The team will likely aim to lock in Jackson before the franchise tag game because it can be a little hard.
But it might be difficult to sign Jackson. In place of an agent, the 24-year-old quarterback will represent himself throughout discussions, but if the Ravens object to Jackson’s asking price, that may delay a decision on an extension.
Jackson is still under contract as a rookie. He was selected 32nd overall in the 2018 NFL Draft, and according to Spotrac, he agreed to a four-year deal worth around $9.5 million.
The Ravens added a fifth year worth $23 million to the contract when they chose to exercise his fifth-year option.
All of Jackson’s fifth-year option money and the majority of his rookie deal was guaranteed.
Lamar Jackson Contract
With the Baltimore Ravens, Lamar Jackson agreed to a four-year, $9,471,648 deal that has a $4,968,471 signing bonus and $7,575,059 in guaranteed money.
Lamar Jackson Salary and Net Worth
Lamar Jackson earns an average of $2,367,912 per year. Jackson will make a base salary of $23,016,000 in 2022, with a cap hit of $23,016,000.
Lamar Jackson has made a net worth of about $5 million so far in his short time in the NFL.