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Lamar Jackson, Ravens fail to reach deal setting up one of biggest gambles in NFL history

Lamar Jackson and the Baltimore Ravens will head into the final season of his rookie contract without a contract extension, an impasse that amounts to one of the biggest gambles in NFL history by both a franchise and an NFL player.

The two sides failed to reach terms on a new deal by Friday, missing a deadline that Jackson set earlier this week. It means the Ravens' franchise quarterback will now play through the fifth-year option on his rookie deal, earning just over $23 million for the 2022 season before becoming eligible for free agency next offseason.