The Baltimore Ravens may not be willing to give Lamar Jackson a fully guaranteed contract, but it looks like an offer they're making for the star quarterback is well above market value.
It has been widely reported that Jackson wants something similar to the five-year, fully guaranteed $230 million contract Deshaun Watson signed with the Cleveland Browns last year. That deal is very much an exception. Several star midfielders have signed new contracts since then and none of them are fully guaranteed.
ESPN's Adam Schefter said on his podcast this week that Raven offered Jackson a contract that included more guaranteed money than what Kyler Murray received from the Arizona Cardinals and Russell Wilson received from the Denver Broncos.
“Lamar Jackson was offered a deal – which he turned down – that included, at the time it was offered, $133 million in dues – $133 million guaranteed. The contract also includes disability guarantees, bringing the total guarantee to $175 million,” said Schefter. “And then it has a spring return guarantee that can bring the value of the contract, the amount guaranteed in the contract, up to $200 million guaranteed. Those guarantees are more than Kyler Murray got from Arizona and more than Russell Wilson got from the Denver Broncos. Yes, those are the actual numbers and that is the situation.”
The additional $25 million, which Schefter calls a "springback guarantee," will work if Jackson remains on Baltimore's roster on day five of the 2026 tournament, so Raven doesn't necessarily participate. into that.
By comparison, the extension that Wilson signed after he was traded to the Broncos included $124 million in a full guarantee at signing, which is a real guarantee. Murray was fully guaranteed $104 million upon signing.
If Schefter's figures are correct, it seems that Raven made a goodwill offer to Jackson. The problem is that the former MVP, who has no agent, will not accept that Watson's contract with the Browns is an exception. That is why the two sides are said to be so far apart.
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