The Ravens will exercise wide receiver Zay Flowers’ fifth-year option at some point before the May 1 deadline, a decision that will lock the 2023 first-rounder into a fully-guaranteed $27.3MM salary for the 2027 season. That buys the parties more time to hammer out a long-term deal, and Baltimore already has expressed interest in an extension.
The interest is mutual. When speaking to reporters earlier this month (video link via ESPN’s Jamison Hensley), Flowers said he does not want to play anywhere other than Baltimore. He was asked specifically about the four-year, $168.6MM pact that draftmate Jaxon Smith-Njigba recently signed with the Seahawks, and he replied by offering congratulations to JSN while noting he is not focused on his own contract. As players often do, Flowers said he will allow his agents to handle extension conversations while he focuses on training and preparing for the season.
Smith-Njigba, who was selected two picks before Flowers in the 2023 draft, raised the bar even higher for a receiver market that continues to explode. Presumably, Flowers will not be able to match the Seattle standout’s $42.15MM average annual value, and Rams WR Puka Nacua – a 2023 fifth-rounder who is now entering a platform year since he does not have a fifth-year option – likely has more earning power as well. Still, Jeff Zrebiec of The Athletic (subscription required) recently predicted Flowers would not be too far behind his elite peers in terms of contract value.
The Ravens, who lost center Tyler Linderbaum to the Raiders this offseason, do not want to let the best homegrown wideout in franchise history sniff the open market. Flowers’ close relationship with quarterback Lamar Jackson, along with his work ethic and durability, also help his cause.
Then, of course, there is the on-field production to consider. The Boston College product has averaged 80 catches for 1,135 yards over the last two seasons, both of which ended with Pro Bowl nods. 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 Nacua and Smith-Njigba among wide receivers. Those numbers become more impressive when considered in the context of the Ravens’ run-heavy operation.
It is unclear if contract talks have commenced as of the time of this writing. Even if he cannot reasonably expect to set a WR record when he ultimately secures his second NFL contract, the market for his position will still give the WIN Sports Group client a chance to break the bank.