The Baltimore Ravens have signed running back Derrick Henry to a two-year, $30 million extension.
According to ESPN’s Adam Schefter, the Baltimore Ravens have signed running back Derrick Henry to a two-year, $30 million extension. The deal is the largest in NFL history for a running back over 30 years old.
Henry, 31, stays a Raven after all expectations of the two sides getting a contract extension complete have arrived. During the 2025 NFL Scouting Combine, General Manager Eric DeCosta was asked about if the Ravens were going to work on an extension with Henry and he was forward with his interest in getting a deal done with Henry.
“Well, I see [Sr. Vice President, Ravens Media] Michelle [Andres] over here, [and] she helps decorate my office wall, and I think we have a picture of Derrick [Henry] going up on my wall,” DeCosta said. “So, what does that tell you?”
During the Ravens’ Pre-Draft Press Conference, DeCosta didn’t share how far along the two sides were, but said they were working on things behind the scenes business-wise and didn’t want to go into detail. But it was clear the intent for them was to sign Henry.
Henry re-signs an extension that all but confirms he will be retiring as a Raven. While the money is high for an “over-30 running back,” he’s proven traditional thinking and metrics do not apply to him.
The deal makes Henry the third-highest paid running back in the NFL by average annual value. By total value, the deal ranks No. 8.
In his first season with the Ravens, Henry finished the season leading the NFL in rushing touchdowns (16), and rushed for 1,921 yards on 325 carries (5.9 yards per carry). His play can complement any team, but in the Ravens’ backfield paired with quarterback Lamar Jackson, he synergizes with the Ravens more than any other roster.