LAS VEGAS, NV – FEBRUARY 8: Lamar Jackson of the Baltimore Ravens poses for a portrait after winning MVP at the 13th Annual NFL Honors on February 8, 2024 in Las Vegas, Nevada. (Photo by Todd Rosenberg/Getty Images)
This was the deadline for the Ravens to exercise an option for quarterback Lamar Jackson that’ll add a dummy year to his contract.
Baltimore made a $17.5 million payment to the MVP that’ll reduce Jackson’s 2024 base salary from a fully guaranteed $31.75 million to a fully guaranteed $14.25 million.
Jackson’s 42.75 million base salary was guaranteed for injury. $22.5 million of the $42.75 million was fully guaranteed at signing. The remaining $20.25 is fully guaranteed. Jackson’s injury guaranteed $750,000 2025 workout bonus is also fully guaranteed.
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