DONE DEAL: Ravens & Lamar Jackson Agree On Five-Year, $260 Million COntract Extension

The Baltimore Ravens made it offical on Thursday, announcing the team had agreed on a five-year contract extension with Lamar Jackson

After a year of negotiation and a lot of back and fourth, Jackson will remain in Baltimore.

The team announced the deal with a video from Jackson himself:

We’ve agreed in principle on a 5-year contract extension with QB @Lj_era8‼️

😈😈😈😈 pic.twitter.com/tQj1Rzqcha

— Baltimore Ravens (@Ravens) April 27, 2023

The deal is a five-year, $260 million contract that will make Jackson the highest paid player in NFL history, a record that was surpassed by Jalen Hurts a week ago:

It's a 5-year deal for $260M for Lamar Jackson, source said. The new highest paid QB.

— Ian Rapoport (@RapSheet) April 27, 2023