Ravens' Lamar Jackson becomes NFL's highest-paid player after historic contract extension

The Baltimore Ravens and quarterback Lamar Jackson ended a monthslong standoff Thursday after agreeing to a five-year, $260 million contract extension.

The Baltimore Ravens and quarterback Lamar Jackson finally reached an agreement Thursday on a five-year deal that will reportedly make the 2019 league MVP the highest-paid player in NFL history. 

The Ravens agreed in principle to a five-year contract extension with Jackson, the organization announced on social media. 

TOP NFL PROSPECT BRYCE YOUNG INKS DEAL WITH JORDAN BRAND, NIKE SAYS

"You know, for the last few months, there's been a lot of he said, she said, a lot of nail-biting, a lot of head-scratching going on. But, for the next five years, it's a lot of flock going on," Jackson said in a video posted to the team’s Twitter. 

"I can’t wait to get there, I can’t wait to be there, can’t wait to light up M&T for the next five years, man. Let’s get it. "

CLICK HERE FOR MORE SPORTS COVERAGE ON FOXBUSINESS.COM

The deal is reportedly worth $260 million with $185 million in guaranteed money, making Jackson the highest-paid NFL player in history based on annual average value, The Associated Press reported. 

Jackson’s historic extension tops Philadelphia Eagles quarterback Jalen Hurts’ $255 million extension signed earlier this month. Jackson will make $52 million a year, topping Hurts' $51 million.

CLICK HERE TO READ MORE ON FOX BUSINESS

Kansas City Chiefs quarterback Patrick Mahomes' massive 10-year, $450 million contract extension signed in 2020 is still the most lucrative deal in NFL history. But Jackson’s deal puts him at second, just ahead of Josh Allen’s six-year, $258 million extension. 

Fox News’ Ryan Morik and The Associated Press contributed to this report. 


 

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.