Lamar Jackson contract details: Where Ravens star ranks among NFL's highest-paid QBs
Week 10 of the 2024 NFL season kicks off on "Thursday Night Football" with a game between the host Baltimore Ravens (6-3) and Cincinnati Bengals (4-5).
The AFC North battle features two of the top quarterbacks in the conference this season. Cincinnati's Joe Burrow ranks third in the league in quarterback rating at 108.1 in a bounce-back season from his injury-marred 2023 campaign.
Baltimore's Lamar Jackson, who is in the running for a third career NFL MVP award this season, leads the NFL in quarterback rating 120.7. He's leading one of the most prolific and efficient offenses this season following his MVP award last season.
The 27-year-old is entering his prime as a passer in the next few years. Here's what to know about his contract with the Ravens.
Lamar Jackson contract details
Jackson signed a five-year, $260 million extension ahead of the 2023 season following months of negotiations with the team. Here are the basics of the deal, per Spotrac:
- Term: 5 years
- Total value: $260 million
- Average annual value (AAV): $52 million
- Guaranteed money: $185 million
Jackson's contract is fifth among NFL quarterbacks in total value, eighth in AAV, and sixth in guaranteed money. His contract also includes:
- Full no trade clause
- No-franchise tag clause after the 2027 season
This was Jackson's first extension following his rookie contract that ran from 2018-2022. This contract will move his career earnings to $291.73 million.
What is Lamar Jackson's 2024 salary?
Jackson's cap hit of $32.4 million in 2024 is spread out between base salary ($14.25 million), signing bonus ($14.65 million), and an option bonus ($3.5 million). Those numbers change slightly as the deal progresses.
Here's his base salary each year of his current contract:
- 2024: $14.25 million
- 2025: $20.25 million
- 2026: $51.25 million
- 2027: $51.25 million
And his total cap hit for each year of his contract:
- 2024: $32.4 million
- 2025: $43.65 million
- 2026: $74.65 million
- 2027: $74.65 million
There are two void years tacked on to the end of his deal. In 2028, Jackson will have a $12.5 million cap hit; In 2029, he will have a $4.5 million cap hit. He may sign another extension before those void years and that would change the numbers.
Lamar Jackson stats
In nine games this season, Jackson has completed 174 of 255 passes (68.2%) for 2,379 yards, 20 touchdowns, and two interceptions. On the ground, Jackson has 84 carries for 505 yards and two rushing touchdowns.
Highest-paid NFL QBs
AAV
Jackson is one of nine NFL quarterback's making at least $50 million in AAV on his contract. Dak Prescott ($60 million) is currently the NFL's highest-paid quarterback in terms of AAV.
- Dak Prescott, Dallas Cowboys: $60 million
- Joe Burrow, Cincinnati Bengals: $55 million
- Trevor Lawrence, Jacksonville Jaguars: $55 million
- Jordan Love, Green Bay Packers: $55 million
- Tua Tagovailoa, Miami Dolphins: $53.1 million
- Jared Goff, Detroit Lions: $53 million
- Justin Herbert, Los Angeles Chargers: $52.5 million
- Lamar Jackson, Baltimore Ravens: $52 million
- Jalen Hurts, Philadelphia Eagles: $51 million
- Kyler Murray, Arizona Cardinals: $46.1 million
Guaranteed money
Jackson ranks higher in guaranteed money on his contract with Dak Prescott leading the way as part of a deal he signed prior to the 2024 NFL season.
- Dak Prescott, Dallas Cowboys: $231 million
- Deshaun Watson, Cleveland Browns: $230 million
- Joe Burrow, Cincinnati Bengals: $219.01 million
- Justin Herbert, Los Angeles Chargers: $218.74 million
- Trevor Lawrence, Jacksonville Jaguars: $200 million
- Lamar Jackson, Baltimore Ravens: $185 million
- Jalen Hurts, Philadelphia Eagles: $179.4 million
- Jared Goff, Detroit Lions: $170.61 million
- Tua Tagovailoa, Miami Dolphins: $167.17 million
- Jordan Love, Green Bay Packers: $160.3 million
Total contract value
Patrick Mahomes leads the NFL in total contract value, as the full value of his 10-year pact with the Chiefs is $450 million. Jackson's contract just cracks the top five largest deals overall, as his five-year pact will pay him $260 million.
- Patrick Mahomes, Kansas City Chiefs: $450 million
- Joe Burrow, Cincinnati Bengals: $275 million
- Trevor Lawrence, Jacksonville Jaguars: $275 million
- Justin Herbert, Los Angeles Chargers: $262.5 million
- Lamar Jackson, Baltimore Ravens: $260 million
- Josh Allen, Buffalo Bills: $258.04 million
- Jalen Hurts, Philadelphia Eagles: $255 million
- Dak Prescott, Dallas Cowboys: $240 million
- Kyler Murray, Arizona Cardinals: $230.5 million
- Deshaun Watson, Cleveland Browns: $230 million