Baltimore Ravens quarterback Lamar Jackson has had another incredible season, and he might win his third NFL MVP award. If he does, he would become just the seventh player to achieve the feat three times.
Jackson has become one of the faces of the NFL, but is he also one of the highest-paid players in the league? Let’s examine the Ravens superstar’s contract, salary, net worth, and career earnings.
Lamar Jackson’s Contract and Salary
Throughout the 2023 offseason, all eyes were on Jackson and the Ravens to see if they could reach an agreement on a new contract. Baltimore initially used the franchise tag on Jackson, but then the two sides ultimately agreed to a five-year, $260 million contract.
This deal featured $185 million in total guarantees and a $135 million injury guarantee. Jackson’s 2024 salary and roster bonus, and his 2024 and 2025 option bonuses are fully guaranteed for injury.
This deal made Jackson the NFL’s highest-paid quarterback for several months, with an average annual value of $52 million.
However, Jackson is now the eighth-highest-paid QB in the NFL after the recent contracts signed by Dallas Cowboys quarterback Dak Prescott ($60 million annually), Cincinnati Bengals quarterback Joe Burrow ($55 million), Green Bay Packers quarterback Jordan Love ($55 million), Jacksonville Jaguars quarterback Trevor Lawrence ($55 million), Miami Dolphins quarterback Tua Tagovailoa ($53.1 million), Detroit Lions quarterback Jared Goff ($53 million), and Los Angeles Chargers quarterback Justin Herbert ($52.5 million).
The quarterback market continues to surge, and San Francisco 49ers quarterback Brock Purdy is next in line for a new deal. It will be interesting to see if the former Mr. Irrelevant ends up earning more than Jackson, a multi-time MVP.
In 2026 and 2027, Jackson will have a base salary of $51.25 million and a signing bonus of $14.6 million, giving him a cap hit of $74.6 million in both years.
What Is Jackson’s Net Worth and Career Earnings?
Jackson’s net worth is approximately $40 million to $60 million, depending on the source.
However, this estimate feels a bit low, as Jackson has already earned $144,524,549 from his NFL contracts alone.
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This $144.5 million figure doesn’t even factor in his endorsements. Jackson has partnered with a number of brands, including Nike, NFL Pro Era, Oakley, Play Action Soulfood, Pizza Hut, Bose, Hulu, and Oakley.
Regardless, his net worth will certainly increase in the coming years, as Jackson is due a lot of money over the next few seasons.
Even without an NFL agent, it’s safe to say Jackson is thriving — on and off the field.
This season, Jackson was the No. 1-ranked quarterback in the league in PFN’s QB+ metric, with a grade of 99.8 (A+). PFN’s QB+ metric assigns a letter grade to every quarterback performance and factors in a number of stats such as success rate when pressured, third-down conversion rate, pocket production, and clutch performance.