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How much will lack of a Lamar Jackson extension affect Ravens' free agency?

OWINGS MILLS, Md. -- Lamar Jackson’s return from an ankle injury, which sidelined him the final five games – all losses – of last season, will undoubtedly improve the Baltimore Ravens in 2022.

An extension of the former NFL MVP’s contract would provide the Ravens a chance to make themselves even better.

The lack of a new deal with Jackson limits what Baltimore can do in free agency, which officially begins on Wednesday. Signing Jackson to a long-term contract can spread out his salary-cap hit and create between $8 million to $12 million in additional cap space that the Ravens can spend immediately.