Ravens, Running Back Derrick Henry Agree to Contract Extension

The Ravens are rewarding Henry after a monster first season in Baltimore.

The Baltimore Ravens and star running back Derrick Henry have agreed to a two-year contract extension. / Gregory Fisher-Imagn Images

The Baltimore Ravens and star running back Derrick Henry have agreed to a two-year, $30 million contract extension, including $25 million guaranteed, according to a report from ESPN's Adam Schefter. It's the largest deal in NFL history for a running back over the age of 30.

Sources told Sports Illustrated's Albert Breer that Henry will make $14 million fully guaranteed in 2025 and $11 million fully guaranteed in 2026. His 2027 salary will be $12 million. Henry had one year and $7 million remaining on his existing contract. Henry is adding $18 million for the extra year on the contract.

Good deal for Ravens RB Derrick Henry. The cashflow ...

• 2025: $14 million (fully guaranteed).
• 2026: $11 million (fully guaranteed).
• 2027: $12 million.

Henry had one year and $7M left. So he gets $18M for the extra year, with the team getting an option year in 2027.

— Albert Breer (@AlbertBreer) May 14, 2025

Henry carried the ball 325 times for 1,921 yards and 16 touchdowns in his first season in Baltimore, and was named as an All-Pro for the second time in his nine-year career. It was Henry's best rushing output in a season since 2020, when he ran for 2,021 yards. Henry's 16 touchdowns were tied for second-most in his career, and the most since 2020, when he scored 17 times.

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