ESPN's Jeremy Fowler reports that the Baltimore Ravens permitted Rashod Bateman to seek a trade before signing the wide receiver to a new three-year, $36 million contract extension.

The Baltimore Ravens gave out another deal to a key offensive player on Thursday, signing Bateman through 2029. The three-year, $36.75 million extension includes $20 million in guarantees, according to a person with knowledge of the deal who spoke to The Associated Press on condition of anonymity because terms hadn't been announced.

Ravens wide receiver Rashod Bateman explored his trade market before signing a three-year contract extension to stay in Baltimore.