Lamar Jackson contract: How he did it without an agent

The most lucrative contract in NFL history has been signed by Lamar Jackson, the teams top quarterback for the Baltimore Ravens. And probably most impressively, Lamar closed the sale without the aid of a broker.

The most lucrative contract in NFL history has been signed by Lamar Jackson, the team’s top quarterback for the Baltimore Ravens.

And probably most impressively, Lamar closed the sale without the aid of a broker.

After a good deal of back and forth and ups and downs between Jackson and the Ravens, a deal was finally done.

Lamar declined a 6-year, $250 million agreement in September 2022 that included a $130 million guarantee and would have provided an average annual salary of $41 million.

Lamar publically asked to be moved in March via social media.

Jalen Hurts signed the then-largest contract in NFL history in the middle of April. It was a five-year, $255 million agreement that will pay him $51 million on average.

Lamar’s endurance was rewarded. His new agreement is a five-year, $260 million pact with an average yearly income of $52 million and a guaranteed $185 million.

The contract is the most lucrative in NFL history.

That assurance may be crucial, particularly given that Jackson has developed a reputation for risking his life during his on-field performances.

The extent to which his assurance is guaranteed despite an injury is another issue.

Because of Lamar’s aggressive playing style, it has been suggested that the actual guarantee amount might be closer to $130-140 million in the event of an injury.

No  Agent

It’s interesting to note that Lamar did not use a traditional agent when negotiating his record-breaking contract with the Ravens. Lamar saved himself 3% by omitting the agent.

Lamar saved himself $5.5 million while only considering the guaranteed $185 million. Savings amount to $1.1 million annually, $91,000 monthly, and $3,000 daily.

And although some may consider that to be a clever and brilliant move, sports business reporter Darren Rovell expressed his disapproval on Twitter for the notion that Jackson might have saved money by doing it alone:

“The story will be that Lamar Jackson saved money by forgoing representation. Okay, savings of $5.5 million on $185 million.

Who is to say he wouldn’t have received $215 million from an agency, which would have left him with $208 million after fees?

Whatever the contract’s hidden terms may be, Jackson is now the highest-paid player in the NFL and the highest-paid player ever, measured in terms of annual salary.

ncG1vNJzZmibnq6urMHNnaBnm5%2BifK2tzJqpZqKRmLi0u81mmqimpKeupMCO

 Share!