Lamar Jackson Net Worth: The current status of Lamar Jackson’s contract and how it affects the salary cap. It provides insights into what can be expected during the offseason and delves into Jackson’s net worth.
Lamar Jackson is one of the NFL’s most promising young quarterbacks. He won the MVP award in 2019 and has led the Baltimore Ravens to the playoffs in each of his three seasons in the league. As such, Jackson’s contract negotiations are of great interest to both Ravens fans and the wider NFL community.
Jackson is currently playing on his rookie contract, which expires at the end of the 2022 season. As a result, there has been much speculation about whether the Ravens will offer him a long-term extension this offseason. This would provide Jackson with greater financial security and give the Ravens more certainty around their salary cap.
Lamar Jackson’s Contract Details
The contract and salary details of Lamar Jackson, a football player in the NFL. In 2018, Jackson was selected as the last pick in the first round of the NFL Draft, and he signed a contract that would last four years, with a total value of $9.472 million. The contract included a signing bonus of $4.968 million and guarantees worth $7.575 million.
Because Jackson was picked in the first round, the Ravens, the team he was playing for, had the option to extend his contract for a fifth year, and they exercised this option in 2021. As a result, Jackson was guaranteed a base salary of $23.016 million for the fifth year of his contract.
The salary for the fifth year was determined based on Jackson’s performance during his first three years in the league. Specifically, the salary was determined by putting Jackson in one of four salary buckets, with the highest-paid players being in the fourth bucket. Jackson fell into the third bucket, which meant that he was paid less than players in the highest bracket.
However, if Jackson had been selected for a second Pro Bowl, which is an annual all-star game in the NFL, his salary for the fifth year would have been even higher. The Pro Bowl selection is based on the votes of fans, coaches, and players, and it is seen as a significant achievement for NFL players.
Lamar Jackson’s contract with the Ravens included a signing bonus and guarantees worth over $7 million, and the team had the option to extend his contract for a fifth year, which they exercised, resulting in a base salary of over $23 million. The salary for the fifth year was determined based on Jackson’s performance and could have been even higher if he had been selected for a second Pro Bowl.
Does Jackson Have any Bonuses in His Contract?
Lamar Jackson’s contract with the Baltimore Ravens in 2022. Jackson is playing under the fifth-year option of his contract, which means that the Ravens exercised their option to extend his contract for one more year beyond the original four-year contract that he signed when he was drafted in 2018.
Unlike his original contract, there are no bonuses or incentives as part of the deal for the fifth year. The only additional compensation that Jackson received under his original contract was a signing bonus, which was paid to him when he signed the deal.
The absence of bonuses or incentives means that Jackson’s earnings for the fifth year will be limited to his base salary, which was determined when the Ravens exercised their fifth-year option on his contract. It is worth noting that NFL players typically earn bonuses and incentives based on their individual and team performance during the regular season and the playoffs. These bonuses can be substantial and can significantly increase a player’s earnings for the year.
What Could Jackson’s Next Contract Look Like?
Lamar Jackson reportedly turned down a deal worth at least $50 million a year over five years before the 2022 NFL season. This decision was intriguing because Aaron Rodgers’ $50.272 million a year deal is currently the highest average annual value for a quarterback in the league. The reason for Jackson’s rejection of the deal is believed to be his desire for a fully guaranteed contract, similar to the $230 million that Deshaun Watson received.
However, Jackson’s negotiating power may have been impacted by an injury that cost him the final few weeks of the 2022 NFL season. Despite this setback, the Ravens’ offensive struggles without him have likely increased their desire to keep him in Baltimore. Currently, his market value is estimated to be around $40.7 million, according to Spotrac.
Another factor to consider is the potential use of the franchise tag by the Ravens. The non-exclusive franchise tag is projected to be worth around $32.45 million, while the exclusive tag could be closer to $45-47 million. If the Ravens use the non-exclusive tag, they would have to pay Jackson 120% of that value if they used the tag again in 2024. This would result in a tag value of around $39 million for the non-exclusive tag and $56.4 million for the exclusive tag.
Lamar Jackson Net Worth
Lamar Jackson’s net worth was estimated to be between $4-6 million before the 2022 season. However, after earning more than $23 million in salary during the season, it is expected that his net worth has increased significantly. While his net worth may not be directly proportional to his salary, it is expected that his estimated net worth will now be at least $10 million.
During his five-year career, Jackson has earned a total of $32.488 million, with $27.519 million of that amount coming from his fifth-year option paid entirely as base salary. The remaining amount is made up of just under $5 million paid as a signing bonus for his rookie contract.
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Who is Lamar Jackson?
Lamar Jackson is a professional American football player who currently plays as a quarterback for the Baltimore Ravens of the National Football League (NFL). He was drafted by the Ravens with the final pick of the first round in the 2018 NFL Draft after a successful college career at the University of Louisville. Jackson quickly established himself as one of the top quarterbacks in the NFL, winning the NFL Most Valuable Player (MVP) award in 2019 and leading the Ravens to multiple playoff appearances.
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