Ravens Running Out Of Time On Lamar Jackson Extension?
The Ravens have certainly had a busy offseason to start off the 2026 season so far, and some aspects of their offseason have been more successful than others. The franchise felt a need to reset their coaching staff and landed a promising, young defensive-minded coach much like the Super Bowl-winning one they let leave two years ago. The team saw holes on defense and the offensive line and added some strong options in free agency.
On the flip side of things, the expediency with which John Harbaugh found a new job set high expectations for the team that was willing to let him go. Additionally, a number of free agents priced themselves way out of Baltimore, while former staffers in both New York and Los Angeles poached away several other names that many expected to return. But the single biggest failure of the Ravens’ 2026 offseason so far, as laid out by Sports Illustrated’s Jason La Canfora, is the team’s inability to come to an agreement with star quarterback Lamar Jackson on a new, record-setting extension.
When the Ravens finally landed Jackson to his first record-setting extension in 2023, many expected that the star dual-threat passer would never even sniff the final years of his contract. With how quickly the quarterback market constantly readjusts with inflation, it was thought that it would be insulting if the Ravens didn’t see fit to make sure their best player remained in line with the rising market periodically. Especially when teams like the Chiefs and Bills had demonstrated some unique ways to accomplish this for everyone to see, Baltimore was sure to follow suit.
Instead, the issue has frequently been pushed by one party or the other to the back burner. What’s worse, this is not new for the Ravens, who similarly squeezed every ounce of value out of Jackson’s rookie deal even after seeing him win an MVP award in his second season with Marquise Brown, Willie Snead, Seth Roberts, and Miles Boykin leading his receivers room. According to La Canfora, “there isn’t anyone in the industry” who believes Jackson will be a Raven after this year if the team can’t extend him by the start of the season, and after the team restructured his deal, there’s belief that he holds more leverage than ever.
La Canfora also commented on the recent reports that Jackson was offered fully guaranteed three-year deals back when he was seeking his first extended contract. He asserted that not all fully guaranteed deals are equal, focusing on some of the language that was crucial to Jackson in those negotiations. Jackson was seeking a five-year, fully guaranteed deal, something the Ravens did not intend to offer. Instead, they made their three-year offers in the range of $50MM to $55MM per year.
While that still seems like a decent offer, La Canfora reports that it didn’t come with the “no trade” and “no future franchise tag” clauses that Jackson needed to see. He offers that teams only tend to include language like that when the contract guarantees long-term rights to the player’s services, and with Jackson’s insistence on a fully guaranteed deal, a long-term offer wasn’t coming. It became clear that those clauses were more important to him than the guarantees when he eventually agreed to his record-setting extension without full guarantees but with those clauses.
Those clauses essentially guaranteed that, no matter what, Jackson would be hitting the open market again just as he turned 30 — that is, unless he were to receive an extension before then. Jackson had some notion of where the big money would be and put himself in position to cash in at the best moments. The Ravens have had plenty of opportunities over the years to stretch a couple dollars now to avoid even bigger costs down the road, but they’ve continuously come up short, unable to meet Jackson’s demands. Now, they may be in a race against the clock to get a deal done before the start of the season or risk having to reset at quarterback just as they did at head coach. They saw how quickly Harbaugh went.
Ravens Offered Three-Year, Fully Guaranteed Deals To QB Lamar Jackson Prior To 2023 Contract
The NFL Players Association’s appeal of its collusion grievance against the NFL was unsuccessful. The three-person appeal panel found that the league invited its clubs to come together and collectively oppose future fully guaranteed contracts in the wake of the Browns’ decision to authorize such a deal for Deshaun Watson, but the panel also determined there was not enough evidence to show the teams accepted that invitation.
Aside from the ramifications the ruling has for the league, the union, and negotiations between the two, it also included other intriguing details. The grievance was originally filed in October 2022 on behalf of three players, including Ravens quarterback Lamar Jackson, who was seeking an extension at the time and who was attempting to land a Watson-esque contract.
As Mike Florio of Pro Football Talk relays, the appeal decision noted that Baltimore offered a three-year, fully guaranteed contract to Jackson on two separate occasions. Jackson declined both proposals and, in April 2023, signed a five-year, $260MM pact that included $185MM in guarantees (the first two years and part of the third were guaranteed at signing, and the rest of the guarantees locked in on a rolling basis; the fifth year contains no guaranteed money).
Aside from the fully guaranteed nature of the three-year proposals, the appeal decision does not include any other details, such as financial terms or whether either overture featured a no-tag clause. Therefore, it is impossible to truly analyze the merits of the offers and whether Jackson was wise to reject them, though it seems the Ravens were among the teams willing to resist the league’s efforts to remove fully guaranteed deals from the playbook (at least for a player of Jackson’s caliber).
Jackson, 29, rewarded the Ravens in his first season after putting pen to paper on his five-year deal by submitting his second MVP campaign and leading the team to the AFC championship game. He followed that up with an even better performance in 2024, though he finished second in MVP voting that year.
The 2025 season was a frustrating one for Jackson and the Ravens alike, as the star signal-caller struggled with injuries and Baltimore failed to qualify for the postseason. While Jackson’s legacy will ultimately be determined by whether he can lead the Ravens to a Super Bowl title, Jackson clearly represents the franchise’s best hope for a third championship.
To that end, Baltimore still wants to extend Jackson, whose current deal runs through the 2027 season. In order to conduct regular business this offseason, the Ravens freed up nearly $40MM in cap space by restructuring the contract in March, but it appears as if negotiations between the team and the self-represented player will continue. Thanks to the decision in the collusion matter, we now have a little extra context when considering those negotiations.
Ravens Still Hoping For Lamar Jackson Extension
The Ravens made it clear their goal was to extend quarterback Lamar Jackson before the start of the new league year, and when that didn’t happen, they were forced to restructure his contract in order to avoid a massive $74.5MM cap hit. General manager Eric DeCosta informed the media this week that, even though the team ran out of time to get an extension done, “they are still hopeful to reach an agreement,” per Jeff Zrebiec of The Athletic. 
This was always going to be the battle in Baltimore after they reached their first extension agreement with Jackson on a five-year, $260MM deal in 2023. While still substantial, Jackson’s cap hits in the first three years of the new deal were more manageable at $22.15MM in 2023, $32.4MM in 2024, and $43.5MM last year. The cap hits were then scheduled to jump to $74.5MM in the final two years of the deal, forcing the Ravens front office to either come back to the table for a potential extension or allow a single player to represent nearly a quarter of their cap space.
The first time the two parties underwent extension discussions, things got fairly dicey. The two-time MVP represented himself, as he still does to this day, and after Baltimore placed the non-exclusive franchise tag on him, in an effort to let the open market determine his value with an intention to match, Jackson requested a trade, intimating that the team was not interested in meeting the value he had placed on himself. For most of two months, it seemed a resolution was out of reach and the situation was irreconcilable, until an extension was announced on the first day of the 2023 NFL Draft, showing that the Ravens would be making Jackson the highest-paid player in NFL history with the highest signing bonus ($72.5MM) in NFL history at that time.
The biggest sticking point that prevented an agreement from being reached for so long was Jackson’s desire for a fully guaranteed contract. Previously seen done reasonably by the Vikings in 2018 for Kirk Cousins on a three-year, $84MM deal, the Browns seemingly ruined the party for everyone in 2022, when they did the same for Deshaun Watson on a record-setting five-year, $230MM contract. Knowing now that NFL owners were found by an arbitrator to have colluded to reduce the locked in compensation on player contracts and avoid fully guaranteed deals, there’s belief that this played a hand in the rocky negotiations between Jackson and Baltimore.
It’s unclear if Jackson will be pursuing another fully guaranteed deal as negotiations continue, but there was a sense that the Bills laid out the groundwork for the Ravens to follow when they extended their own MVP quarterback, Josh Allen, in the last offseason. Allen’s deal reflected a lot of what the Ravens ended up doing with Jackson’s first extension, in terms of backloading the bulk of the cap burden in later years to encourage renegotiation. The difference was that Buffalo timed the extension when Allen still had multiple years remaining on his previous deal. Knowing that their MVP was making less per year than less-accomplished passers, the deal simply brought Allen up to top of the market in annual average value and kicked the can down the road for them to do the same thing again in a couple years to keep up with the inflating market.
When Jackson’s restructure was originally reported, we covered most of the details in regard to dollar amounts getting affected. Yesterday, though, KPRC’s Aaron Wilson disclosed some new details of the reworked agreement. Per Wilson, the restructure added another voidable year in 2030 as well as a no-trade clause, including an agreement not to use the franchise tag on Jackson following the 2027 NFL league year. One expects the Ravens have no plans of getting to that point as their intentions to secure an extended agreement persist with the rest of the offseason in front of them.
Ravens Restructure Lamar Jackson’s Deal
As the Ravens make a controversial pivot from a Maxx Crosby trade to a Trey Hendrickson free agency addition, a similar cost is on tap. Either way, the team needed to make a move with Lamar Jackson‘s contract to reduce an untenable 2026 cap number.
Baltimore has done so, but no extension has been reached. The Ravens are restructuring Jackson’s deal, CBS Sports’ Aditi Kinkhabwala reports. Jackson’s restructure is expected to open up around $40MM in cap space, ESPN’s Adam Schefter notes.
This will come from a $49.56MM base-to-bonus conversion, per Spotrac, as $39.96MM in additional funds will be available now. Jackson’s new cap number checks in at $34.54MM, according to ESPN’s Jameson Hensley, but the Ravens will need to address this contract again by next year. The final season of the deal is due to produce, after this restructure, an $84.49MM cap hit.
This move will drop Jackson’s cap hit from $74.5MM, where it had been sitting as a payroll anchor. Jackson will still be expected to work toward an extension this offseason, and it is worth wondering why the two-time MVP did not attempt to maximize his value by leveraging his high cap hit — as the Ravens needed to lower it to make room for Hendrickson and John Simpson — by pushing for a monster re-up now. But Jackson has not been a conventional negotiator during his NFL years, as his lengthy path to his second contract showed.
The Ravens had not gone to the Jackson restructure well previously. He carried a $43.5MM cap number last year. That figure falling in 2026 will give Baltimore more space to operate, but it will still cost — in all likelihood — more than $60MM per year to extend Jackson a second time. Dak Prescott‘s four-year, $260MM Cowboys deal has topped the league since September 2024. Jackson, 29, has a clear case to eclipse that — especially as the cap has climbed by nearly $50MM (to $301.2MM) since that Dallas deal was finalized.
Rumblings about a Jackson extension last year emerged, but nothing came of it. The Ravens had hoped to extend Tyler Linderbaum as well, but they ended up losing him (to the Raiders) this week. Baltimore did complete a record-setting Kyle Hamilton re-up. Although not much action occurred on the QB market last year, with Prescott’s deal not being approached, the cap climb will still put Jackson in good position. Two years remain on his contract, and this restructure will hike the dead money on the deal in the highly unlikely event the Ravens do not extend him by March 2028.
Lamar Jackson Participated In HC, OC Search Process; Ravens Extension Still Being Targeted
With much of their coaching staff now in place, attention in the Ravens’ case will increasingly turn toward free agency. Several internal decisions will need to be made, and working out a new Lamar Jackson extension remains a priority. 
Since Jackson’s 2023 extension was signed, this offseason has loomed as the logical point for a new pact to be worked out. 2026 is scheduled to include a $74.5MM cap charge in his case without an adjustment of some kind. A restructure could be an option, but flattening that cap figure by means of an extension prior to the start of free agency is still seen as Baltimore’s goal.
Any thoughts about a potential Jackson trade can be put to rest, NFL Network’s Mike Garafolo notes (video link). A swap would of course come as a major surprise with Jackson being on the books for another two years. The franchise once again illustrated how central the two-time MVP is in a number of areas of its operation during recent weeks. Jackson took part during the first (virtual) round of head coaching interviews, per Garafolo. He also confirms the Ravens’ offensive coordinator search included input from Jackson.
Baltimore took the route many expected by hiring Jesse Minter as head coach. The highly-acclaimed defensive mind will calls plays on that side of the ball, leaving much on the shoulders of his first OC. Declan Doyle departed Chicago after a one-year Bears stint. The 29-year-old did not call plays while working under Ben Johnson, and the ability to do so with the Ravens drove his decision to head to Baltimore. Needless to say, the connection between Doyle and Jackson will be something to watch closely as the 2026 season plays out.
Immediate success will be the expectation for Minter and the rest of his staff as Baltimore looks to return to the postseason next year. A clean slate on the health front will be a major goal for Jackson, who missed four games in 2025 and was limited in others while dealing with various injuries. By the time his age-29 campaign begins, another new contract at or near the top of the quarterback market could very well be in hand.
Ravens Want To Finalize Lamar Jackson Extension Before Free Agency
The Ravens are interviewing head coaching candidates to replace John Harbaugh, but they also have their eyes on the second-biggest part of their offseason: negotiating another extension with Lamar Jackson.
Ravens owner Steve Bisciotti said on Tuesday that he wanted to hammer out another deal with his star quarterback before the start of free agency.
“The urgency of that matters to me because we’ve got free agents and I don’t want to go into free agency with that hanging over our head,” Bisciotti said (via ESPN’s Jamison Hensley). “It’s very hard for [general manager Eric DeCosta] to build a roster when that thing is not settled.” DeCosta concurred, saying that an extension would allow the Ravens to re-sign more of their pending free agents and “potentially go after a couple of big-ticket items.”
Agreeing to a new contract with Jackson would reduce his $72.5MM cap hits in 2026 and 2027, giving the Ravens more money with which they can retool their roster and gear up for another playoff run. The Ravens are willing to restructure Jackson’s contract and add void years to spread his cap hit into the future if the two sides could not strike a deal. Notably, Bisciotti, not DeCosta, laid that option on the table.
The longtime owner also indicated that he hopes for smoother negotiations relative to Jackson’s 2023 talks and even proposed a similar structure with a higher value. In 2023, it took until the week of the draft – long after the window to secure top free agents had closed – to get Jackson to sign at the dotted line. That year, he occupied about $32MM in cap space with his franchise tag, but his 2026 cap hit would be much more restrictive to the team’s other moves. An extension could clear up as much as $40MM, but those savings will be far less useful if the players worth signing have already found new teams.
During the same press conference, Bisciotti revealed (via The Athletic’s Jeff Zrebiec) that some college coaches have reached out to the Ravens regarding their job openings, though the team has not scheduled interviews with any. He indicated that he would be open to interviewing one, but ultimately left that decision up to DeCosta.
John Harbaugh Fallout: Ravens, Monken, Timing, Jackson, Kingsbury
The Ravens’ decision to fire John Harbaugh on Tuesday might be this offseason’s biggest move. The ramifications are already spreading around the NFL, and no team has more to handle than the Ravens themselves. This offseason was already a crucial one for Baltimore, as Lamar Jackson is due for another round of extension negotiations in the coming months.
The two-time MVP already has considerable sway inside the organization, and the leverage from his contract talks only boosts his current influence. That factored into this process, according to NFL Network’s Ian Rapoport. While Jackson did not necessarily engineer Harbaugh’s ouster, there still may have been some friction between the veteran quarterback and Baltimore’s coaching staff. The team has long been frustrated with Jackson’s offseason practice habits, and routinely skipping Wednesdays this season to rest and recover from a myriad of injuries may have re-raised the issue.
While Harbaugh and Jackson were still believed to have a good relationship, per ESPN’s Jeremy Fowler, the Ravens seem to be looking for a better fit with their franchise quarterback. According to Rapoport, the team is looking for someone who can “reach,” “invigorate,” and get the “absolute most” out of Jackson. The Ravens were believed to have pushed Harbaugh to fire OC Todd Monken. The HC’s refusal contributed to his own exit.
Here is the latest from this firing:
- Harbaugh himself felt unappreciated in his final years in Baltimore and seems ready for a new challenge, according to ESPN’s Jamison Hensley. That aligns with his exploration of other jobs around the league, particularly those like the Giants’ with a young quarterback and a desire to rebuild.
- A number of teams are already interested in Harbaugh, including a few that still have head coaches under contract. Those teams will need to carefully weigh their chances of hiring the ex-Ravens leader. They are unlikely to axe their current coaches unless they are confident they can land Harbaugh, per NFL insider Jordan Schultz. Teams are permitted to reach out to Harbaugh as a coaching free agent.
- Though Harbaugh’s removal seems to be the culmination of several things in Baltimore, the timing still took team and coach by surprise, per Jeff Zrebiec of The Athletic. Those in the building seemed to expect Harbaugh to go along with firing Monken but his refusal to do so precipitated his firing. As of Tuesday afternoon, a view in the building pointed to Harbaugh staying, Hensley adds. The firing coming soon after will bring sweeping changes for an organization that has exuded stability for many years.
- The Ravens are expected to have a “complete makeover, especially on offense,” according to Hensley. Jackson’s input on the direction of the unit will likely play a factor.
- One route the team could go down is hiring Kliff Kingsbury, who recently parted ways with the Commanders. The offensive guru has found success with mobile quarterbacks like Kyler Murray and Jayden Daniels, and Jackson would no doubt be an interesting move considering Jackson’s status as maybe the greatest running quarterback in NFL history. Baltimore has already been mentioned as a landing spot for Kingsbury, per The Athletic’s Dianna Russini and The Washington Post’s Mark Maske. The Commanders moved on from Kingsbury after a report indicated friction between he and GM Adam Peters, among disagreements between the front office and the coaching staff, took place this season.
Ravens Expected To Keep Lamar Jackson; John Harbaugh Future Uncertain?
Recent local and national media coverage of the Ravens has revived the idea that Lamar Jackson could be on his way out of Baltimore this offseason.
Obviously, it makes no sense for an NFL team to move on from a two-time MVP quarterback, and the Ravens are not expected to make such a colossal mistake. Less certain is the future of head coach John Harbaugh, who has overseen an uneven year in Baltimore.
“That seems to be a situation right now that’s up in the air, where both sides will meet and discuss after the seasons what they want to do and what direction they want to go,” ESPN’s Adam Schefter said on Sunday. He believes Harbaugh’s job is “still leaning safe,” and does not expect an outright firing.
The same belief is held by NFL Network’s Ian Rapoport, who said that both Harbaugh and Jackson are expected to remain in Baltimore for at least another year.
“I don’t expect a firing in any sense,” said Rapoport of Harbaugh, but noted that other staff changes could be on the way.
This kind of about Harbaugh’s job security is new, indicating that fans’ disappointment about this season is felt in equal measure inside the organization. It may not be enough for the Ravens to part ways with their longtime coach, but even having such discussions is a sign that pressure is building in Baltimore.
Ultimately, the decision will come down to Ravens owner Steve Bisciotti, who has long favored continuity and stability with his front office and coaching staff.
Though Harbaugh seems safe heading into Sunday night’s game in Pittsburgh, a loss could obviously change things. The Steelers would complete a season sweep of their rivals and take the divisional crown and a playoff spot. That would violate two of the Ravens’ core tenets: beat Pittsburgh, and make the playoffs. If Harbaugh can no longer achieve those goals, it may be time to move on.
Ravens ‘Very Optimistic’ That Lamar Jackson Plays In Week 18
JANUARY 1: Jackson said on Thursday that he will “100%” play in Pittsburgh on Sunday night. He will likely take the field with extra protection for his back.
DECEMBER 31: Ravens quarterback Lamar Jackson was a full participant in the team’s first practice of Week 18, an extremely encouraging sign for his availability for Sunday’s win-or-go-home matchup with the Steelers.
Jackson went down in Week 15 with a severe back contusion that held him out of practice last week. He was listed as doubtful and did not play on Saturday night against the Packers. Backup Tyler Huntley filled in and confidently commanded the offense to a 41-24 victory. Most of the credit goes to Derrick Henry, who finished with 36 carries for 216 yards and four touchdowns, but Huntley made plays whenever they needed to be made. He completed 80% of his passes, converted a number of key first downs through the air, and added 60 yards on eight rushing attempts.
Head coach John Harbaugh said that he was “very optimistic” about Jackson’s status, adding that the two-time MVP’s status improved throughout last week. He was seen at Wednesday’s practice wearing some kind of protective equipment, per Brian Wacker of The Baltimore Sun.
Obviously, Jackson taking the field would be a major boost for the Ravens offense. Though they can continue to lean on Henry, Jackson is undoubtedly a better passer than Huntley and his availability would open up the offense to its full complement of plays. The Ravens rushed for 217 yards in their first meeting with the Steelers a few weeks ago, so offensive coordinator Todd Monken should be motivated to stick with the run either way.
Huntley’s success against the Packers on Saturday and the Bears in Week 8 indicates that Baltimore’s offense would still be in good hands if Jackson cannot go. That would be Jackson’s fourth absence of the season and Huntley’s third start.
Ravens QB Lamar Jackson Unlikely To Play Vs. Packers
Ravens quarterback Lamar Jackson is not expected to play in Baltimore’s Week 17 matchup against the Packers. He is officially listed as doubtful on the team’s injury report.
Jackson went down in Sunday night’s loss to the Patriots after taking a knee to the back late in the first half. He did not return to the game, and head coach John Harbaugh has since described the injury as a “serious back contusion.”
Jackson was initially considered day-to-day, but he could not practice at all this week. Harbaugh said that Jackson could play without practicing, which is why he is designated as doubtful instead of being ruled out.
Backup Tyler Huntley will make his second start of the season in Jackson’s stead. He started in Week 8 against the Bears and led the Ravens to a 30-16 victory over the Bears. That game has looked more and more impressive in hindsight with Chicago’s growing success this season. Huntley himself performed well, as he did in relief of Cooper Rush in Week 6 and Jackson against the Patriots. In fact, many wondered why the Ravens signed Rush and installed him as the backup in the first place rather than reuniting with Huntley earlier in the offseason.
The Ravens’ playoff hopes depend on winning in Green Bay on Saturday night. A loss would eliminate them from playoff contention, and Jackson’s absence is obviously a major detriment.