Lamar Jackson has moved his deadline for a 2022 extension agreement up to Friday. The former MVP confirmed this today but added talks have not broken off. This is an artificial deadline, and Jackson added the talks “probably” will end Friday. The sides negotiated into last season, but the agent-less QB is against such a path this year.
Baltimore’s star quarterback has been connected to seeking a fully guaranteed deal, a la Deshaun Watson, while the Ravens are against such a structure. The Ravens are believed to have offered a deal north of Kyler Murray‘s $46.1MM-per-year pact, but Jackson remains unsigned. Two days ahead of this deadline, pessimism defines these talks.
Barring an 11th-hour shift, Jackson is expected to play the 2022 season on his $23MM fifth-year option, Mark Maske of the Washington Post notes. Previously, it was thought Jackson was giving the Ravens until their Sunday opener. But considering this deadline is designed to separate Jackson negotiations from his preparation for the 17-game season, it makes sense the three-time Pro Bowler would want to head into the weekend with this matter — extension or not — behind him.
A 2021 Baltimore offer matched the Bills’ $43MM-AAV Josh Allen extension. Jackson passed. While the Ravens have upped their offer this year and may well have increased it again this week, it is worth wondering where the team’s cutoff point resides.
Russell Wilson‘s five-year, $245MM Broncos extension includes $124MM fully guaranteed. Denver’s deal locks the nine-time Pro Bowler in through at least 2025, due to a March 2024 guarantee trigger. Jackson, 25, being eight years younger than the former Super Bowl winner would give him an excellent case to bridge the gulf between Wilson’s guarantee figure and Watson’s $230MM total. As the Broncos and Cardinals’ offseason deals have shown, teams are determined to make the Browns’ Watson contract an outlier. Whereas Kirk Cousins received his fully guaranteed Vikings deal (three years, $84MM) in free agency, as the Jets lurked, four teams were vying for Watson via trade. The Browns only offered their shocking proposal after being eliminated earlier in the process.
With the Year 5 option and two franchise tags as leverage, the Ravens will not offer a $230MM guarantee. It will be interesting to learn what Baltimore has proposed, guarantee-wise. Those tag possibilities also can work in Jackson’s favor. Even the first of them, should the Ravens give Jackson the exclusive tag, would move toward the $45MM range. That would be an unprecedented cap-clogging figure for the team to navigate ahead of the 2023 free agency period. No deal coming together by Friday would put this saga on track toward tag No. 1 come March.