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jameson hensley
multiple authors
Owings Mills, MD – The Baltimore Ravens The quarterback has reorganized lamar jacksonThe contract will create about $40 million in salary cap space, a source told ESPN’s Adam Schefter on Wednesday.
The Ravens are still working out a contract extension with two-time NFL MVP Jackson, who has two years left on his current deal. Without an extension, Jackson could be an unrestricted free agent after the 2027 season.
Baltimore needed cap room to fit in trey hendricksonA four-year, $112 million contract that is under the salary cap until the start of the new league year on Wednesday at 4 p.m. ET. The Ravens reached an agreement with four-time Pro Bowl pass rusher Hendrickson on Wednesday, less than 24 hours after withdrawing from the trade. max crosby.
By triggering a clause that automatically restructures Jackson’s deal, Baltimore reduced its 2026 cap figure of $74.5 million, which was the second-highest in the NFL entering March, to $34.54 million. This saved $39.96 million in cap space.
The restructure increases Jackson’s cap number in 2027 from $74.5 million to $84.49 million, which would be the third-highest in the league.
At the end of the 2025 season, Ravens owner Steve Bisciotti talked to Jackson about the urgency of completing a contract extension before the start of free agency. Baltimore wanted to reduce Jackson’s cap number and extend his deal beyond 2027.
Without a new deal by Wednesday, the Ravens had to restructure Jackson’s existing contract, turning the majority of his $51.25 million salary into bonuses and spreading the cap hit over four years (which includes two void years).
Jackson, 29, is one of the most dynamic playmakers ever at quarterback, beating teams with his arm and legs. he is tied with aaron rodgers Holds the records for the best passer rating in NFL history (102.2) and most rushing yards in a career by a quarterback (6,522).
The 2025 season was a disappointment for Jackson and the Ravens, who entered as Super Bowl favorites and failed to make the playoffs. Jackson missed four games due to a hamstring injury and a back strain and recorded his first losing season as an NFL starter (6–7). Struggling with consistency in a season filled with injuries, he threw for 2,549 yards and 21 touchdowns – his lowest in three seasons – and recorded a career-low 349 rushing yards.
Jackson enters the 2026 season with a new head coach in Jesse Minter and a new offensive coordinator in Declan Doyle. In eight NFL seasons, Jackson has led Baltimore to the postseason five times, including two No. 1 seeds in the AFC, and won four AFC North titles.
