Lamar Jackson, Ravens fail to agree contract extension, will hold talks until after NFL season

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The Baltimore Ravens and quarterback Lamar Jackson couldn’t agree on a new contract, so Jackson will play the 2022 season under his fifth-year option, submitting contract talks until after the season.

On Wednesday, Jackson told reporters that the deadline to finalize a deal was Friday and that he would not be in contract negotiations during the season.

Ravens quarterback Lamar Jackson will earn $23 million this season, the last year of his rookie contract. Contract talks got underway over the summer, but Jackson declined to comment on whether the parties had made any progress.
(Kevin Richardson/Baltimore Sun/Tribune News Service via Getty Images)

“Despite the best efforts of both parties, we have been unable to secure a contract extension with Lamar Jackson,” Ravens general manager Eric DeCosta said in a statement. “We greatly appreciate how he has handled this process and we are excited about our team with Lamar as leader. We will continue to work towards a long-term contract after the season, but for now we look forward to a successful 2022 campaign. “

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Jackson’s fifth-year option will pay him $23 million, and the team has until March 7, 2022 to close a deal. Baltimore has the option to use the exclusive franchise tag on Jackson if a deal cannot be reached by that date.

For a week and a half of training camp, Baltimore Ravens quarterback Lamar Jackson has been consistently more accurate than he has ever been over five summers in Baltimore, and his range as a passer has never been greater.

For a week and a half of training camp, Baltimore Ravens quarterback Lamar Jackson has been consistently more accurate than he has ever been over five summers in Baltimore, and his range as a passer has never been greater.
(Kenneth K. Lam/Baltimore Sun/Tribune News Service via Getty Images)

Jackson is one of the few NFL players who does not have an agent, but chooses to represent himself.

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“I’m comfortable, but it’s probably different because it’s your quarterback and not an NFL agent, that sort of thing,” Jackson said Wednesday, according to the Ravens website. “I’ve been pretty cool. Eric has been pretty cool with it.” For those who say Jackson is betting on himself this season, the quarterback doesn’t consider his decision more risky than playing other seasons.

Jackson was the MVP of the 2019 NFL season and has been selected to two Pro Bowls in his four-year career.

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It is a big off season for quarterbackswith four QBs signing contract renewals worth at least $150 million in guaranteed money.

Any speculation as to whether quarterback Lamar Jackson will last the Ravens training camp until he signs a contract extension seemed to settle on Thursday.

Any speculation as to whether quarterback Lamar Jackson will last the Ravens training camp until he signs a contract extension seemed to settle on Thursday.
(Kim Hairston/Baltimore Sun/Tribune News Service via Getty Images)

“It was a pretty big risk last season, the year before,” Jackson said on Wednesday. “I didn’t think about contract negotiations around that time. This season it will be the same, but I just play football. Anything can happen, but God forbid the wrong thing happens, I keep God first and just play with the ball as I have done.”

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Baltimore opens 2022 NFL regular season Sunday against the New York Jets.