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Ravens Set March Deadline for Lamar Jackson Extension to Cut $74.5 Million Cap Hit

Team leaders say a reworked contract would restore free-agency flexibility.

Overview

  • Owner Steve Bisciotti said he told Jackson he wants a new deal finalized by the start of free agency in March to materially reduce the quarterback’s 2026 cap number.
  • Jackson’s cap charge is scheduled to rise from $43.5 million in 2025 to $74.5 million in 2026 and 2027, accounting for roughly a quarter of the Ravens’ projected cap.
  • Bisciotti said the team could lower the 2026 figure by pushing money into void years if no agreement is reached, though he called that a less desirable option.
  • General manager Eric DeCosta said an extension would give Baltimore more latitude to keep key contributors and pursue select big-ticket additions in free agency.
  • Bisciotti invited Jackson to participate in the final round of head-coaching interviews, emphasizing he will have input but not authority, and Jackson has publicly affirmed he wants to remain in Baltimore.