Lamar Jackson Agrees to Record 5-Year Extension With Ravens

Lamar Jackson (8) of the Baltimore Ravens reacts after defeating the New Orleans Saints 27–13 at Caesars Superdome in New Orleans, La., on Nov. 7, 2022. Jonathan Bachman/Getty Images

Franchise quarterback Lamar Jackson is staying with the Baltimore Ravens on a five-year contract, agreeing to terms Thursday, April 27, mere hours before the start of the NFL draft.

Financial terms were not yet released, but NFL Network reported the deal was worth $260 million. The average annual value of $52 million would make Jackson the highest-paid player in NFL history.