Ravens place franchise tag on Lamar Jackson after unsuccessful extension talks

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The Baltimore Ravens were unsuccessful in their attempt to sign quarterback Lamar Jackson to a long-term extension, which led to placing the non-exclusive franchise tag on him.

Jackson’s price tag is now $32.41 million for next season. However, being that the tag is non-exclusive, other teams are allowed to talk with Jackson about a possible contract. 

The Ravens own the right to match any offer sheet that Jackson signs, or two first-round picks in return. 

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Quarterback Lamar Jackson #8 of the Baltimore Ravens drops back to pass against the Carolina Panthers at M&T Bank Stadium on November 20, 2022 in Baltimore, Maryland. (Rob Carr/Getty Images)

"Having not yet reached a long-term deal with Lamar Jackson, we will use the franchise tag," general manager Eric DeCosta said in a statement. "There have been many instances across the league and in Baltimore when a player has been designated with the franchise tag and signed a long-term deal that same year. We will continue to negotiate in good faith with Lamar, and we are hopeful that we can strike a long-term deal that is fair to both Lamar and the Ravens. Our ultimate goal is to build a championship team with Lamar Jackson leading the way for many years to come."

DeCosta spoke at the NFL Scouting Combine about Jackson’s contract situation, and he reiterated what the team has been saying: They want him locked in long-term. 

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"You can’t win in this league without a strong quarterback. That’s been proven. So, we want Lamar here," DeCosta said.

Head coach John Harbaugh has also