Report: Lamar Jackson turned down contract worth over $250 million
According to an ESPN report, the 2019 MVP rejected an offer for a five-year extension deal worth $250 million dollars, $133 million of which was guaranteed.
The Baltimore Ravens announced that they were unable to agree to a contract extension with Lamar Jackson before the deadline agreed on by the quarterback and everything indicates that the contract was one of the largest in the NFL.
According to a report by Adam Schefter and Chris Mortensen of ESPN, Jackson rejected a contract extension worth close to 250 million dollars. Because of this, the QB will play with a salary of $23 million, established from his rookie contract.
The Ravens quarterback was seeking a contract similar to the one Deshaun Watson got after moving to the Cleveland Browns. The Browns offered an agreement worth a guaranteed $230 million to the former Houston Texan. According to Mortensen, Baltimore offered Jackson a six-year contract for $274 million with $133 million guaranteed.
Sources: Lamar Jackson rejected a Ravens' 6-yr contract offer with $133 million fully guaranteed at signing, which is more than Russell Wilson ($124 million) and Kyler Murray ($103.3 million) but well short of the $230 million fully guaranteed deal that Deshaun Watson got.
— Chris Mortensen (@mortreport) September 11, 2022
The franchise tag would be an option for the organization to retain Jackson for the 2023 season, but it would be worth close to $45 million.
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In 2021, Jackson had a difficult season as he missed five games with an ankle injury even as he threw a career-high 13 interceptions. The Louisville alumnus generated 2,882 passing yards and 16 touchdown passes, and on the ground he added 767 yards and two touchdowns.
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Jackson: No agent
Jackson has not had an agent during the negotiations and has represented himself with the support of his mother and the NFL Players Association (NFLPA). According to ESPN, the union informed the the 25-year-old that he is deserving of a fully guaranteed contract due to his performance and age.