Watch CBS News

Lamar Jackson agrees to 5-year, $260 million contract extension with Ravens

Ravens Lamar Jackson agrees to contract extension
Ravens Lamar Jackson agrees to contract extension 04:17

BALTIMORE -- The Baltimore Ravens agreed on a mega deal with quarterback Lamar Jackson, the Ravens announced Thursday.

The contract extension for Jackson is for five years. 

The deal is for five years worth up to $260 million, making him the highest-paid quarterback, with $185 million of the contract guaranteed.

The announcement came hours before the NFL Draft, in which the Ravens will select 22nd.

The Ravens' social media team Tweeted out a GIF of Spongebob Square Pants with an "8 ball."

Jackson on Tuesday Tweeted out a Spongebob Square Pants GIF, with no other reference, but it left fans scratching their heads.

Jackson has missed 10 games combined the past two years and was unable to finish both seasons.

He passed for 2,242 yards with 17 touchdowns and seven interceptions last season and gained more than 760 yards. In 2021, Jackson passed for 2,882 yards with 16 touchdowns to 13 interceptions.

The 32nd overall pick in 2018 won the NFL MVP in 2019.

The Ravens, this offseason, added wide receivers Odell Beckham Jr. and Nelson Agholor.

View CBS News In
CBS News App Open
Chrome Safari Continue
Be the first to know
Get browser notifications for breaking news, live events, and exclusive reporting.