Although Lamar Jackson and the Baltimore Ravens have kept details of their contract negotiations private, the star quarterback turned down a five-year extension offer worth over $250 million with $133 million guaranteed at signing, sources told ESPN.
The extension, which ran through the 2027 season, would have increased the total value of Jackson's deal to just under $274 million over six years, according to sources. Jackson would have played out the $23 million fifth-year option on his rookie deal before the extension started in 2023.
The extension years in the Ravens' proposal would have paid Jackson a higher average salary than the deals signed this summer by Broncos quarterback Russell Wilson and Cardinals quarterback Kyler Murray and also included more money guaranteed at signing, according to sources.