When Lamar Jackson didn’t agree to an extension with the Baltimore Ravens, he was making a bet worth hundreds of millions of dollars—on himself
One of the few rational economic forces in the NFL, with its Byzantine salary cap rules, is that the best quarterbacks are paid the most money. There are now nine quarterbacks making at least $40 million annually. Yet even those deals likely don’t capture the true market values of those players. That’s because they almost never hit the open market.
Patrick Mahomes signed a deal that’s potentially worth over $500 million after his third season. Earlier this year, Murray and the Cardinals agreed to terms after his third year. The Buffalo Bills’ Josh Allen, who was drafted in the same class as Jackson, did the same a year ago. So the fact that Jackson played last year, his fourth season, without a deal was already beyond the norm. And it’s happening again in 2022.
, he received a groundbreaking contract from the Minnesota Vikings that was fully guaranteed in 2018. That’s extremely abnormal in the NFL, where fully guaranteed money is rare—but, as a free agent, Cousins had the leverage to demand it.
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