Ravens' Lamar Jackson becomes NFL's highest-paid player after historic contract extension
Jackson will reportedly earn $52 million a year
The Baltimore Ravens and quarterback Lamar Jackson finally reached an agreement Thursday on a five-year deal that will reportedly make the 2019 league MVP the highest-paid player in NFL history.
The Ravens agreed in principle to a five-year contract extension with Jackson, the organization announced on social media.
Lamar Jackson of the Baltimore Ravens warms up before a game against the Denver Broncos at M and T Bank Stadium Dec. 4, 2022, in Baltimore. (G Fiume/Getty Images / Getty Images)
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"You know, for the last few months, there's been a lot of he said, she said, a lot of nail-biting, a lot of head-scratching going on. But, for the next five years, it's a lot of flock going on," Jackson said in a video posted to the team’s Twitter.
"I can’t wait to get there, I can’t wait to be there, can’t wait to light up M&T for the next five years, man. Let’s get it. "
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The deal is reportedly worth $260 million with $185 million in guaranteed money, making Jackson the highest-paid NFL player in history based on annual average value, The Associated Press reported.
Jalen Hurts of the Philadelphia Eagles scrambles against the Kansas City Chiefs during Super Bowl LVII at State Farm Stadium Feb. 12, 2023, in Glendale, Ariz. The Chiefs defeated the Eagles 38-35. (Cooper Neill/Getty Images / Getty Images)
Jackson’s historic extension tops Philadelphia Eagles quarterback Jalen Hurts’ $255 million extension signed earlier this month. Jackson will make $52 million a year, topping Hurts' $51 million.
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Patrick Mahomes of the Kansas City Chiefs warms up before kickoff against the Houston Texans at NRG Stadium Dec. 18, 2022, in Houston. (Cooper Neill/Getty Images / Getty Images)
Kansas City Chiefs quarterback Patrick Mahomes' massive 10-year, $450 million contract extension signed in 2020 is still the most lucrative deal in NFL history. But Jackson’s deal puts him at second, just ahead of Josh Allen’s six-year, $258 million extension.
Fox News’ Ryan Morik and The Associated Press contributed to this report.