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Lamar Jackson gets $72.5 million to sign, $80 million total cash in 2023

Mike Florio and Myles Simmons unpack Eric DeCosta’s comments on Lamar Jackson’s contract negotiation and explore what flipped the switch for the QB to accept the Ravens’ offer.

Yes, it’s time for Patrick Mahomes to get a new deal.

The two-time NFL and Super Bowl MVP received $63 million for the first three years of his 12-year deal. Ravens quarterback Lamar Jackson, per a source with knowledge of the details, will make $80 million in 2023.

It starts with a $72.5 million signing bonus, plus another $7.5 million later this year.

The first three years are fully guaranteed. In the fourth year, $29 million is guaranteed as a practical matter, subject to offset.

We’ll have the full breakdown soon. As Ravens G.M. Eric DeCosta said during Wednesday’s #PFTPM, the Ravens used the offer that was made to Jackson in September 2022, with enhanced terms.