Quarterback Lamar Jackson has agreed to a $260 million, five-year contract extension with the Baltimore Ravens, ESPN and NFL Network reported Thursday, making the former MVP the highest-paid player in NFL history in terms of on-field earnings.
Quarterback Lamar Jackson of the Baltimore Ravens celebrates after throwing a touchdown pass to ... [+]
The Ravens confirmed the agreement—which follows months of sometimes-strained negotiations—in a tweet, but did not disclose financial terms.
The deal reportedly averages $52 million per year, topping the previous record of $51 million set by Philadelphia Eagles quarterback Jalen Hurts last week.
The agreement includes $185 million in guaranteed earnings, ESPN reported, falling short of a five-year, $230 million fully guaranteed deal inked by the Cleveland Browns and DeShaun Watson last year—a massive deal Jackson reportedly wanted to match.
Including off-field earnings, the highest-paid NFL player last year was Tampa Bay Buccaneers quarterback Tom Brady, who raked in $30 million on the field and $45 million in endorsements and other income, Forbes estimated.
This is a developing story; it will be updated.