Jackson signed a five-year, $260 million contract extension in 2023 that included $185 million worth of guaranteed money. The former first-round pick is making $52 million per season. That made Jackson the highest-paid player in NFL history just 10 days after the Philadelphia Eagles set the previous record by extending quarterback Jalen Hurts.

Since Baltimore Ravens quarterback Lamar Jackson signed a five-year, $260 million contract extension in spring of 2023, he has won the MVP award, narrowly missed out on another and watched several other signal-callers ink more lucrative deals.