**Brown:** I understand why you're asking, but I have no update to share!
DeCosta and Jackson prefer to keep details of their contract discussions private. Jackson [took a pass on answering questions about his contract negotiations](https://www.baltimoreravens.com/news/lamar-jackson-ravens-contract-extension-takes-pass-updating) when asked during mandatory minicamp in June.
"You know I never discuss contract situations here," Jackson said with a smile. "I don't want to talk about it. Is that OK with you?"
Jackson signed a five-year, reported $260 million deal during the 2023 offseason that made him the NFL's highest-paid player at the time. He has a $43.5 million cap hit in 2025, per OvertheCap.com, that jumps to $74.5 million next season.
Reworking Jackson's contract or extending him would give the Ravens far more flexibility to sign pending free agents (see above) or make other moves.
Recent NFL quarterback contracts have raised the bar for Jackson's next deal. Buffalo Bills quarterback Josh Allen signed a six-year, reported $330 million ($250 million guaranteed) contract extension in March. The Dallas Cowboys' Dak Prescott currently tops quarterbacks with a contract averaging $60 million per season.
DeCosta said in June that [contract negotiations had started with Jackson](https://www.baltimoreravens.com/news/late-for-work-eric-decosta-gives-update-on-lamar-jackson-contract-extension-talks). However, the timetable for reaching a new agreement remains to be seen. Updates are usually few and far between, and I'd expect that pattern to continue.