Owings Mills, MD– Baltimore Ravens Owner Steve Bisciotti said Tuesday that he lamar jackson He wants to work out a new deal by the start of free agency in March that would significantly lower the two-time NFL MVP’s $74.5 million cap number.
“The urgency of it matters to me because we have free agents and I don’t want to go into free agency with this hanging over my head,” Bisciotti said. “And I made that clear to Lamar and I think he’s very appreciative of my stance and hopefully he’s willing to work with Eric.” [DeCosta, Ravens general manager] And this thing should not be dragged into April like last time. It’s very difficult to build a roster when that thing isn’t settled.”
Jackson, 29, is under contract for three more years, but his cap number increases by $31 million in 2026. This $74.5 million cap figure would represent 25% of the team’s salary cap.
If the two sides cannot reach a new deal, Bisciotti said the team would reduce Jackson’s cap figure by spreading the cap hit over zero years. But the Ravens don’t want to do that because it would push the cap hit into a future season.
“We want another window, and Lamar knows that,” Bisciotti said. “I think he’s able to do something that mirrors the last deal he signed, although the annual number will be a little higher. But I’m hoping it will add a new number to the same contract he signed last year and move on.”
Bisciotti invited Jackson to attend interviews at the Ravens facility when the team conducts the final round of interviews with candidates. Jackson told him he would.
Asked if Jackson would have a role in deciding the next coach, Bisciotti said, “It’s said a lot, but it’s not power. I have power. I care about my players a lot, but I can’t give them power.”
