Ravens Target Lamar Jackson Extension With $74.5 Million Cap Hit Looming, Hold Up To $38 Million Conversion Option

Overview

• ESPN’s Dan Graziano reports the team can unilaterally add void years and convert salary to bonus to trim Jackson’s 2026 cap charge by as much as $38 million without his approval.
• The organization prefers a negotiated extension over a simple restructure to avoid pushing more money into future seasons.
• Jackson has two years remaining at roughly $53 million per season, with $29 million of his 2026 salary guaranteed and existing void years in 2028 and 2029.
• Jackson represents himself, a dynamic that has complicated past talks and adds pressure with the new league year approaching.
• Former agent Joel Corry outlines two paths for Jackson: accept less to aid roster building like Josh Allen or leverage maximum compensation like Dak Prescott.