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Lamar Jackson Says He Wants to Stay as Ravens Confront an $84 Million 2027 Cap Spike

A March contract restructure freed short-term salary space but pushed a large 2027 charge that makes a new extension likely before next spring to avoid major roster strain.

Overview

  • Lamar Jackson reiterated his commitment to Baltimore during late-May voluntary workouts and said he will keep extension talks private.
  • No long-term extension has been reached and the Ravens used a March restructure to lower 2026 costs while creating a projected $84 million cap hit for 2027.
  • Jackson holds strong leverage because he represents himself, retains protections in his current deal including a no-tag clause, and still has two years left on his 2023 contract.
  • Analysts project Jackson’s next deal would be market-setting with Spotrac estimating about $62.6 million per year and industry estimates ranging roughly $61 million to $65 million annually, with multiple executives expecting him to press for full guarantees.
  • If Baltimore does not agree to a new structure by next spring, the large 2027 charge could force the team to choose between a record-level guarantee or significant roster cuts and salary shifts that would affect players and coaching plans.