The quarterback market has exploded in recent years, and while no record-setting deal took place this offseason, Josh Allen and Brock Purdy inked massive extensions with their respective teams.
Allen signed a six-year, $330 million deal with the Buffalo Bills earlier this offseason, making him the joint second-highest paid QB in the league, and one analyst believes the list of players with an average annual value of $55 million will increase in the near future.
Jeremy Fowler Claims Ravens’ Superstar QB Will Sign a Six-Year, $330 million Extension
The Baltimore Ravens are coming off what many have argued to be a disappointing season. For all of the success Lamar Jackson and his team enjoyed in the regular season, it was met with a cold dose of reality in January.
The Ravens failed to reach the AFC Championship game, indicating an overall decline. However, it was still a monumentally successful season for Jackson overall, and general manager Eric DeCosta recently revealed they were in the “introductory sort of stage” to see what an extension would look like.
According to ESPN’s Jeremy Fowler, the Ravens are basically trying to get in front of the market and lock down their star QB, similar to what the Buffalo Bills did with Allen.
“He has several years left on his contract, but the Ravens are essentially saying we are trying to get in front of this massive quarterback money,” Fowler noted. “This is a ballooning market. It’s at $60 million for the top guy. It’s going to go beyond that.
“So, the Ravens are taking a page from what the Bills did this offseason with Josh Allen. Josh Allen has several years left on his deal. They try to get in front of things. ‘Let’s give you a big raise, about 30% per year.’ They gave him a new six-year, $330 million contract back in March.
“So, Ravens would love to do that because when you have a short list of players at the QB spot that you know are the best… They want to get that settled long-term. The thing is, he’s a true negotiator. He’s willing to play this out, make the team uncomfortable, play on the franchise tag like we saw in the past. So, I don’t think he’s gonna take the first deal they offer. There’s going to be some back and forth here.”
According to Spotrac, Jackson, the tenth highest paid quarterback in the league with an AAV of $52 million, still has all of 2025 and 2026 to play before losing his financial shield against being released by the Ravens. Even after 2026, Jackson is locked up through 2027 but loses his financial protection with the team.