Ravens Aim to Extend Lamar Jackson’s Contract Before Free Agency
The Baltimore Ravens are set to revisit contract negotiations with quarterback Lamar Jackson. After signing a significant five-year deal worth $260 million prior to the 2023 season, Jackson is under contract until 2027. However, the Ravens face a pressing issue regarding salary cap implications.
Salary Cap Challenges
Jackson’s contract features an escalation clause that could impact the team’s flexibility. His salary cap hit is projected to rise sharply from $43.5 million in 2023 to $74.5 million by 2026 and 2027. This increase would account for about 24% of the Ravens’ anticipated salary-cap space.
General Manager’s Insights
Ravens General Manager Eric DeCosta emphasized the necessity of an extension, stating it would enhance the team’s roster-building capabilities. “An extension would certainly provide us with more flexibility,” DeCosta noted during a recent press conference.
DeCosta also remarked on the team’s financial position, saying, “We do have a nice little nest egg; it’s not as much as we’d like.” He indicated that a new deal with Jackson would enable the Ravens to retain more players and potentially pursue significant signings.
Ownership’s Commitment
Ravens owner Steve Bisciotti expressed his desire for Jackson to remain the team’s leader. “We want another window, and Lamar knows that,” he stated. Bisciotti believes Jackson would be open to a contract that closely resembles his previous agreement, though with a higher annual figure.
He emphasized the importance of resolving the negotiations quickly to avoid complications as free agency approaches. “The urgency matters because we have free agents,” Bisciotti added, underscoring the need for an efficient resolution.
Contract Negotiation Timeline
In August, DeCosta mentioned that discussions with Jackson were still ongoing. The Ravens are keen to prevent any protracted negotiations, as seen in the previous offseason.
Bisciotti is hopeful that Jackson will collaborate effectively with DeCosta to reach an agreement without delays that could extend into mid-April.
Overall, the Ravens aim to expand Lamar Jackson’s contract before free agency begins, optimizing their salary cap space while retaining their star quarterback.
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