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Ravens Set March Target for New Lamar Jackson Contract to Ease 2026 Cap Crunch

Owner Steve Bisciotti says Baltimore prefers an extension over void years to lower a looming $74.5 million hit as free agency nears.

Overview

  • General manager Eric DeCosta said an extension would increase flexibility to retain more players and pursue potential big-ticket additions this offseason.
  • Jackson’s cap charge is scheduled to jump from $43.5 million to $74.5 million in 2026 and 2027, roughly 24–25% of the projected team cap.
  • If no agreement is reached, the team could add void years to reduce 2026 costs, a step Bisciotti described as a last-resort option.
  • Jackson will participate in the final round of head-coach interviews and offer input, though Bisciotti emphasized he has “a lot of say” but “no power.”
  • Jackson remains signed through 2027 on his five-year, $260 million deal and represents himself in negotiations.