Lamar Jackson Contract

Last Modified Nov 2, 2024 09:35 GMT
Lamar Jackson
Lamar Jackson

Lamar Demeatrice Jackson Jr. is an American football quarterback for the Baltimore Ravens as of the 2024 NFL season. The Ravens selected him with the 32nd overall pick in the first round of the 2018 NFL Draft. Jackson started seven of his 16 games as a rookie in the NFL in 2018. In his second season, he emerged as one of the league's top quarterbacks, throwing for 3,127 yards and 36 touchdowns and rushing for 1,206 yards and seven touchdowns in 2019. That same season, he won his first NFL MVP award and was also named to the Pro Bowl. As of Week 8 in 2024, he has 142 touchdowns with 47 interceptions,17,986 passing yards, 5,759 rushing yards, and scored 31 rushing touchdowns. Jackson has gone on to win two MVPs along with three appearances at Pro Bowl.

Jackson attended the University of Louisville, where he played college football for the Louisville Cardinals. In 2016, his sophomore year, he had a breakout season, passing for 3,543 yards and 30 touchdowns and rushing for 1,571 yards and 21 touchdowns. He became the youngest player ever to win the Heisman Trophy, awarded to the best player in college football. The Maxwell Award, the Walter Camp Award, and the ACC Player of the Year were among the numerous honors that Jackson received. The two-time MVP Lamar Jackson (born on January 7, 1997, in Pompano Beach, Florida, USA) Jackson attended Boynton Beach High School in Florida, where he played football as a quarterback. During his time there, he recorded 2,263 passing yards with 31 touchdowns and nine interceptions, while also rushing for 1,624 yards and 22 touchdowns.

Lamar Jackson's Contract Breakdown

Lamar Jackson signed a 5-year deal worth $260 million. According to Spotrac, Lamar Jackson's current contract with the Baltimore Ravens includes a $72,500,000 signing bonus with a total guaranteed amount of $185,000,000.

ContractSigning BonusAverage SalaryGTD at SignTotal GTD
5 yr(s) / $260,000,000$72,500,000$52,000,000$135,000,000$185,000,000

YearBase SalarySigning BonusOption BonusSigning ProrationOption Proration Cap HitDead Cap
2023$7,500,000$72,500,000 $14,650,000 $22,150,000$135,000,000
2024$14,250,000 $17,500,000$14,650,000$3,500,000$32,400,000$113,850,000
2025$20,250,000 $22,500,000$14,650,000$8,000,000$43,650,000$101,450,000
2026$51,250,000 $14,650,000$8,000,000$74,650,000$57,800,000
2027$51,250,000 $14,650,000$8,000,000$74,650,000$35,150,000
2028- -$8,000,000$12,500,000$12,500,000
2029- -$4,500,000$4,500,000$4,500,000

How much is Lamar Jackson getting paid?

According to Spotrac, Lamar Jackson has an average annual salary of $52 million in his current contract with the Baltimore Ravens. In the 2024 NFL season, he will earn a base salary of $14.25 million and a signing bonus of $17,500,000, with a cap hit of $32,400,000 and a dead cap value of $133,850,000.

How much money does Lamar Jackson make a minute?

If we divide Jackson's salary by the total number of minutes in a year, he earns around $99 per minute with an annual salary of $52 million.

How much of Lamar Jackson’s contract is guaranteed?

The total guaranteed amount of Lamar Jackson’s contract is $185 million.

What are the terms of Lamar Jackson’s contract?

As per the terms of Lamar Jackson’s contract, he signed a 5-year deal that fixates him with the Baltimore Ravens franchise until the end of the 2028 season. The contract guarantees him $185 million regardless of injuries or trade and has the potential of earning him $260 million.

As per Spotrac, some of the terms of Jackson's contract include:

  • $135 million would be guaranteed at the time of signing

  • As of 2024, there would be a 90-man roster bonus amounting to $750,000

  • The 2025 salary would fully guarantee the 5th league day of 2024

  • In 2028 and 2029, the last league day of 2027 would be deemed void

  • There is a full no-trade clause which protects Jackson from being traded against his consent

  • Post-2027, there would be a no-tag clause.

Lamar Jackson Contract History

Jackson had signed two contracts before getting the mega extension with the Ravens. After his 4-year rookie contract was up, the Ravens franchise tagged him in 2023.

YearContractSigning BonusAverage SalaryGTD at SignTotal GTD
2018 - 20224 yr(s) / $9,471,648$4,968,471$2,367,912$7,575,059$7,575,059
2023 - 20231 yr(s) / $32,416,000 $32,416,000

See more:- Lamar Jackson Net Worth

FAQ's On Lamar Jackson Contract

A. Lamar Jackson signed a 5 year, $260 million deal with the Baltimore Ravens. He will earn up to $52 million annually on average.

A. Lamar Jackson attended both Santaluces Community High School and  Boynton Beach High School during his high school years.

A. Lamar Jackson is 27 years old as of November 2024.

A. Lamar Jackson stands 6 feet 2 inches (1.88 m) tall. 

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