The NFL’s wide receiver market has exploded in the last few years. Nine players now make more than $30MM per year, topped by Jaxon Smith-Njigba, who officially signed his $42.15 AAV deal with the Seahawks on Wednesday.
The next receiver to cash in might be the player who was drafted two slots after Smith-Njigba in the first round of the 2023 draft: Ravens Pro Bowler Zay Flowers. Picking up the 25-year-old’s fifth-year option – projected by OverTheCap to be $27.3MM – is considered a “formality,” according to Jeff Zrebiec of The Athletic, with Baltimore already looking forward to an extension.
Locking Flowers into a long-term deal this offseason offers a number of benefits. First and most obvious is the production, which has ascended in volume and efficiency across each of his first three years in the NFL. In 2025, Flowers ranked seventh in receiving yards, 11th in catches, and 14th in yards per target. His 2.53 yards per route run trailed only Puka Nacua ans Smith-Njigba among wide receivers, per Pro Football Focus (subscription required).
Another obvious positive is contract control. As Zrebiec notes, an early extension guarantees that Flowers does not get anywhere near free agency where other teams can lure him away with eye-popping sums of money, as the Raiders did with Tyler Linderbaum this year.
That control also has a significant financial impact. Just look to Kyle Hamilton‘s extension last summer as an example. He received a $25.1MM AAV, but he still had two years remaining on his rookie deal (including his fifth-year option). That resulted in an overall contract of six years and $121.8MM ($20.3MM per year).
Assuming that the Ravens pick up Flowers’ fifth-year option, he will be owed $31.7MM over the next two years. He has not produced at the same level as Smith-Njigba or Ja’Marr Chase, the only two receivers earning $40MM per year, nor Nacua, who will likely join them this year. But a four year extension worth $35MM annually – a top five mark for the position – would extend Flowers’ deal to $171.7MM over six years (28.6MM per year).
Flowers’ agent and the Ravens’ front office will haggle over the exact numbers, but that estimate illustrates the urgency and upside of agreeing on an extension this year.