Often times, conflicting reports like these are a matter of semantics. Do broader conversations about years/dollars qualify as negotiations? That depends on who you ask. But, as Florio notes, Jackson does not have an agent, so it’s hard to imagine that the Ravens have gotten especially deep in talks.
As it stands, Jackson is set to make just $1.77MM this year. In 2022, per the new collective bargaining agreement, his fifth-year option will be equivalent to the quarterback transition tender for 2021. Jackson triggered that by making a Pro Bowl. The QB transition tender was worth $21.75MM last year. This year, after the cap reduction, it should still fall somewhere near $20MM.
The higher value of the fifth-year option gives Jackson some additional leverage. It’s likely that he’ll seek a deal in the range of Deshaun Watson‘s four-year, $156MM extension. Watson’s pact gave him a $39MM average annual value and included a healthy $73MM guaranteed at signing. But, as of this writing, it sounds like the two sides have yet to truly engage.
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