Lamar Jackson (born on January 7, 1997, in Pompano Beach, Florida, USA) is an American football quarterback who currently plays for the Baltimore Ravens in the National Football League (NFL). Jackson attended Boynton Beach High School in Florida, where he played football as a quarterback. In his senior year, he threw for 3,545 yards and 36 touchdowns and carried for 1,571 yards and 25 touchdowns, winning him Florida's Mr. Football award.
Jackson attended the University of Louisville, where he played college football for the Louisville Cardinals. In 2016, his sophomore year, he had a breakout season, passing for 3,543 yards and 30 touchdowns and rushing for 1,571 yards and 21 touchdowns. He became the youngest player ever to win the Heisman Trophy, awarded to the best player in college football. The Maxwell Award, the Walter Camp Award, and the ACC Player of the Year were among the numerous honors that Jackson received.
Jackson started seven of his first eight games as a rookie in the NFL in 2018. In his second season, he emerged as one of the league's top quarterbacks, throwing for 3,127 yards and 36 touchdowns and rushing for 1,206 yards and seven touchdowns. He became the youngest quarterback to win the NFL MVP award and was also named to the Pro Bowl and First-Team All-Pro. In his third season, he continued to produce at a high level, guiding the Ravens to the playoffs and earning another Pro Bowl nomination.
Lamar Jackson's Contract Breakdown
Lamar Jackson signed a 5-year deal worth $260 million. Lamar Jackson's current contract with the Baltimore Ravens includes a $72,500,000 signing bonus with a total guaranteed amount of $185,000,000. In the 2023-24 NFL season, the Ravens quarterback will earn a base salary of $7,500,000.
| Contract | Signing Bonus | Average Salary | GTD at Sign | Total GTD |
| 5 yr(s) / $260,000,000 | $72,500,000 | $52,000,000 | $135,000,000 | $185,000,000 |
| Year | Base Salary | Signing Bonus | Workout | Cap Hit | Dead Cap | Yearly Cash |
| 2023 | $7,500,000 | $14,500,000 | - | $22,000,000 | $135,000,000 | $80,000,000 |
| 2024 | $14,250,000 | $14,500,000 | $750,000 | $33,000,000 | $113,000,000 | $56,250,000 |
| 2025 | $20,250,000 | $14,500,000 | $750,000 | $43,500,000 | $80,000,000 | $52,000,000 |
| 2026 | $51,250,000 | $14,500,000 | $750,000 | $74,500,000 | $57,500,000 | $52,000,000 |
| 2027 | $51,250,000 | $14,500,000 | $750,000 | $74,500,000 | $35,000,000 | $52,000,000 |
| 2028 | - | - | - | $8,000,000 (Void) | $12,500,000 | |
| 2029 | - | - | - | $4,500,000 (Void) | $4,500,000 |
How much is Lamar Jackson getting paid?
Lamar Jackson has an average annual salary of $52 million in his current contract with the Baltimore Ravens. The Ravens quarterback penned a new contract deal with the Baltimore Ravens in April 2023. In 2023, Jackson will earn a total salary of $80 million inclusive of base salary and signing bonuses. As per the rest of the league’s players’ contracts, the Ravens quarterback ranked 1st in the league regarding contract value until Joe Burrow and Justin Herbert overtook him a couple of months after.
How much money does Lamar Jackson make a minute?
Lamar Jackson earns $98.9 per minute with an annual salary of $52 million. As a player with one of the league’s biggest contracts, it comes as no surprise the enormous amount that Jackson would be earning. To put this into perspective, the minimum wage in the United States is $7.25 per hour.
How much of Lamar Jackson’s contract is guaranteed?
The guaranteed amount of Lamar Jackson’s contract is $185 million. With a contract worth $260 million, Lamar Jackson will be earning an average of $52 million per year. The incentives and contract terms in the NFL can vary based on the player and team. Lamar Jackson has ensured that a sizeable amount of his contract is guaranteed.
What are the terms of Lamar Jackson’s contract?
As per the terms of Lamar Jackson’s contract, he signed a 5-year deal that fixates him with the Baltimore Ravens franchise until the end of the 2028 season. The contract guarantees him $185 million regardless of injuries or trade and has the potential of earning him $260 million.
The contract has been well drafted with various terms to it to ensure that the Ravens and Jackson are optimally satisfied with the deal. Some of these terms include:
$135 million would be guaranteed at the time of signing
As of 2024, there would be a 90-man roster bonus amounting to $750,000
As of 2024, there would be an option bonus of $17.5 million
The 2025 salary would fully guarantee the 5th league day of 2024
In 2026, $29 million would fully guarantee the 5th league day of 2025
In 2028 and 2029, the last league day of 2027 would be deemed void
There is a full no-trade clause which protects Jackson from being traded against his consent
Post-2027, there would be a no-tag clause
How much will Lamar Jackson’s next contract be?
It is not possible to predict how much Lamar Jackson’s next contract will be worth. Given his age and skill, Jackson is bound to perform at a very high level for most of his new contract. His next contract will partially be determined by how well he performs towards the end of his contract. By the end of the contract, Jackson is also bound to have broken many records, furthered himself in the NFL ranks, and might even end up winning a championship or championships. These factors would come together to determine his market value, which in turn will determine the length and value of his next contract.
FAQs
Q. How much is Lamar Jackson making a year?
A. Lamar Jackson signed a 5 year, $260 million deal with the Baltimore Ravens. He will earn up to $52 million annually on average.
Q. Who is the highest-paid NFL player?
A. The Cincinnati Bengals' quarterback Joe Burrow has become the highest earner in the NFL post his contract extension in 2023.
A. The Cincinnati Bengals' quarterback Joe Burrow has become the highest earner in the NFL post his contract extension in 2023.
