The Baltimore Ravens and QB Lamar Jackson have reportedly agreed to a contract extension, per Ian Rapoport. The two sides reportedly have a deal completed, but the details have not yet been released.

Following a rumor-filled offseason, Lamar Jackson will remain in Baltimore.

We mentioned the “rumor-filled offseason,” however, this conversation has been going on since last year. Jackson and Baltimore discussed a potential extension prior to the 2022 campaign, but nothing ever came to fruition. The Ravens made it clear they wanted to keep Jackson in Baltimore, but there was uncertainty surrounding the situation.

The details are not yet released, but Rapoport later reported that the contract is expected to be a “mega-deal.” Jay Glazer added that the contract is a five-year deal.

UPDATE: Lamar Jackson's contract is reportedly worth $260 million, per Josina Anderson. $185 million is guaranteed. He's now the highest paid QB.

Lamar Jackson is one of the most dynamic players in the NFL. His injury concerns have been well-documented, but he is a true dual-threat QB when healthy. He's played in just 12 games in each of the past two seasons, but the Ravens still view him as a legitimate superstar in the league as evidenced by this contract.

Jackson ultimately finished the 2022 season with 2,242 passing yards and 12 passing touchdowns for the Ravens. He added 764 rushing yards to go along with three touchdowns on the ground. And as mentioned earlier, all of that production came in just 12 games.

If Lamar Jackson can manage to stay healthy for the most part throughout the duration of his five-year contract with Baltimore, the Ravens will likely be a perennial playoff/Super Bowl contender.