Lamar Jackson contract extension details, Baltimore Ravens salary and 2023 net worth

Publish date: 2024-03-26

Former NFL MVP Lamar Jackson has finally agreed on a deal to sign a new contract extension with his current team the Baltimore Ravens, find out more details about the contract and his net worth

Following months of going back and forth, which included a public trade request, the Jackson and the Ravens have finally come to an agreement to sign a new contract extension.

Lamar Jackson contract extension details, Baltimore Ravens salary breakdown and 2023 net worth

FULL CONTRACT DETAILS: 5-year, $260M deal for Lamar Jackson. (via @rapsheet)

The new highest-paid player in the NFL. pic.twitter.com/AvFp9kJWoA

— NFL (@NFL) April 27, 2023

Lamar Jackson and the Ravens have agreed to terms on a new contract, per @RapSheet pic.twitter.com/cYjhW0PUYy

— PFF (@PFF) April 27, 2023

Having waited patiently up until now, Jackson received a massive extension to stay with the Baltimore Ravens.

Lamar Jackson new contract extension

Lamar Jackson has signed a new five-year contract extension deal worth around $260 million. His new contract puts him past Jalen Hurts’ recent extension, which was also for five years and worth $255 million. As such, the former MVP is now the highest-paid NFL player in history.

Following the new contract, Ian Rapoport reported:

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

Lamar Jackson contract breakdown

Out of $260 million contract, Jackson will receive a $185 million in guaranteed money. The quarterback is now no longer on the market following the new deal. Ahead of the 2023 NFL Draft, there were several speculations surrounding his future with the franchise and the teams after him. However, fortunately for both Jackson and the Ravens, the new deal got done before any draft night drama.

2023 Net worth

According to various sources, Lamar Jackson has an estimated net worth of around $6 million in 2023. This value will undoubtedly see a substantial rise in the coming months following his new deal.

A perfect pairing

The new deal brings the best-case scenario for both Jackson and the Ravens. This is because the Ravens need Jackson just like how he needs them. The Ravens’ offense has been built uniquely to cater to his skillset. As such, Jackson fits into this team better than he would anywhere else.

Moreover, the Ravens desperately needed Jackson because without him, they don’t have an offense. Jackson has played a big role in the Ravens’ offense across the last four seasons of playing for the team.

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