The Ravens appear to be putting forth maximum effort towards extending star quarterback Lamar Jackson. According to Tom Pelissero of NFL Network, Ravens general manager Eric DeCosta went down to South Florida to meet with Jackson in an attempt to further negotiations. 
DeCosta reportedly left Miami with work to be done, as Pelissero claims the two sides remain on track for a franchise tag. The two parties have been the subject of much speculation, and after a year of negotiations, no consensus has been reached on a long-term deal. Former general manager and current Ravens executive vice president/player personnel Ozzie Newsome spoke on the subject today and seemed to confirm Pelissero’s assessment, according to ESPN’s Jamison Hensley.
“Today and up until 3:30 tomorrow, a lot of energy will be utilized in trying to get a deal done,” Newsome said on “The Bernie Kosar Show.” “If not, we will put the franchise tag on him.”
Baltimore has not utilized the franchise tag since using it in 2020 told hold on to pass rusher Matt Judon, but with Jackson’s status as a Raven hanging in the balance, the team seems fated to go that route again. The biggest question following “will Jackson be a Raven and how” is currently “which franchise tag with they use?”
If the Ravens administer the non-exclusive tag, it will allow other teams to negotiate potential deals with Jackson, presenting Baltimore with the option to match the offer or refuse it and be awarded two first-round picks as compensation. It’s difficult to imagine any offer another team would put up that the Ravens wouldn’t match, so it’s a dangerous route that could bite them. The exclusive franchise tag would restrict Jackson from participating in such negotiations but would allow him to hold out all the way up until the regular season if a new deal is not reached, a la Jessie Bates or, even worse, Le’Veon Bell.
Regardless of which decision the Ravens have in mind, they’re still going to give Jackson’s extension the old college try. As hopeless as it may seem, Newsome, DeCosta, and company will be working up until the finish line in an attempt to keep Jackson in black and purple long-term.