Lamar Jackson, Ravens fail to reach agreement on contract extension, will table talks until after NFL season

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The Baltimore Ravens and quarterback Lamar Jackson could not agree on a new contract, so Jackson will play the 2022 season under his fifth-year option, tabling contract talks until after the season. 

On Wednesday, Jackson told reporters that the deadline for getting a deal done was Friday and that he would not hold contract negotiations during the season. 

Baltimore Ravens quarterback Lamar Jackson is set to earn $23 million this season, the final year of his rookie contract. Contract talks ramped up during the summer, but Jackson declined to comment on whether the sides had made progress.  (Kevin Richardson/Baltimore Sun/Tribune News Service via Getty Images)

"Despite best efforts on both sides, we were unable to reach a contract extension with Lamar Jackson," Ravens general manager Eric DeCosta said in a statement. "We greatly appreciate how he has handled this process and we are excited about our team with Lamar leading the way. We will continue to work towards a long-term contract after the season, but for now we are looking forward to a successful 2022 campaign."

RAVENS’ LAMAR JACKSON SETS DEADLINE FOR CONTRACT EXTENSION

Jackson's fifth-year option will pay him $23 million, and the team will have until March 7, 2023, to reach a deal. Baltimore will have the option to use the exclusive franchise tag on Jackson if a deal cannot be reached by that date. 

Through a week and a half of training camp, Baltimore Ravens quarterback Lamar Jackson has been consistently more accurate than he has ever been over five summers in Baltimore, and his range as a passer has never been greater. (Kenneth K. Lam/Baltimore Sun/Tribune News Service via Getty