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Trades, Signings for Ravens to Maximize Lamar Jackson's Contract Year

The Baltimore Ravens announced Friday they weren't able to reach an agreement with quarterback Lamar Jackson on a contract extension ahead of the 2022 NFL season.

Jackson, who's represented himself in extension talks, will earn $23 million in the final year of his rookie contract. He'll be eligible for free agency at season's end, but the Ravens also hold the option to use the franchise tag.

"Despite best efforts on both sides, we were unable to reach a contract extension with Lamar Jackson," Ravens general manager Eric DeCosta said. "We greatly appreciate how he has handled this process and we are excited about our team with Lamar leading the way.