'I Want To Throw For 6,000 Yards!' Lamar Jackson Officially Signs with Ravens; Contract Details
Baltimore Ravens quarterback Lamar Jackson finally sat down and signed his shiny new $260 million, five-year contract on Thursday. The team announced that the quarterback had put pen to paper with a social media post captioned, “Done. Deal.”
"I'm very eager ... I told someone I want to throw for like 6,000 yards with the weapons we have. I'm not an individual awards type of guy or a stat watcher, I just want to do that. No one's ever done it and I feel like we have the weapons to do it.
"We've got explosive guys with the new additions, Zay [Flowers], OBJ, and we've got [Rashod]Bateman who will be 100 percent healthy, and you can't forget about my boy Mark [Andrews]. ... I just can't wait to get rollin'."
Jackson was also asked to elaborate on his previous request for a trade and what changed between that and the signing.
“Today, we’re gonna keep it about the future,” Jackson said. “I’m not really worried about what happened in the past. I’m gonna keep it about these next five years. And keep it about what’s going on today. You know, it’s a great day.”
Coach John Harbaugh says expectations are always high.
"... It's got a chance to be exciting and fun, it's got a chance to be a winning offense, that's what we always want to be. But the expectations are always high."
Contract details are now available for the Jackson contact via PFF:
- Signing bonus: $72.5 million
- 2023 base salary: $7.5 million, fully guaranteed
- 2024 option bonus: $17.5 million, fully guaranteed
- 2024 offseason roster bonus: $750,000, fully guaranteed
- 2024 base salary: $14.25 million, fully guaranteed
- 2025 option bonus: $22.5 million, fully guaranteed at signing
- 2025 offseason roster bonus: $750,000, guaranteed for injury at signing and fully guaranteed in March 2024
- 2025 base salary: $20.25 million, guaranteed for injury at signing and fully guaranteed in March 202
- 2026 offseason roster bonus: $750,000
- 2026 base salary: $51.25 million, $29 million of which is guaranteed for injury at signing and fully guaranteed in March 2025
- 2027 offseason roster bonus: $750,000
- 2027 base salary: $51.25 million
The deal also includes a no-trade clause and a no-tag clause. After 2027, he becomes an unrestricted free agent. The contract contains $135 million fully guaranteed at signing.
After one season, the full guarantee moves to $156 million. After two years, it becomes $185 million. It’s a three-year, $156 million deal, with a lingering guarantee of $29 million for the fourth year. The $29 million would be subject to offset.
The cash flow is $80 million in year one, $112.5 million through year two, $156 million through year three, $208 million through year four, and $260 million through year five.
As Ravens general manager Eric DeCosta told PFT on Wednesday, the Ravens used the offer that was made to Jackson in September 2022, with enhanced terms.
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