Ravens Pursue Lamar Jackson Extension To Reduce 2026 Cap Hit, Could Make Him the NFL's Highest-Paid Player

Baltimore seeks a pre-free-agency agreement to create cap flexibility for a retooling roster.

Overview

ESPN's Jamison Hensley reported the team aims to lower Jackson's $74.5 million 2026 cap charge and that it will likely require a contract worth more than $60 million per year.
A multiyear extension would probably keep Jackson in Baltimore for at least three more seasons, according to the reporting.
Owner Steve Bisciotti publicly backed Jackson as his quarterback and included him in head-coach interviews during the transition.
Durability remains a negotiating concern, with Jackson missing 15 games over five seasons and dealing with hamstring, ankle, toe and back issues in 2025.
With free agency opening March 11 and vacancies at head coach and offensive coordinator, the Ravens view cap relief as essential to address needs such as the offensive line and pass rush.