Report: Lamar Jackson rejected $133 million fully guaranteed – ProFootballTalk

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At first it was impossible to assess whether Ravens quarterback Lamar Jackson should have taken the best offer on a long-term contract for the team in exchange for playing in the final year of his $23 million rookie contract. There is now a solid data point regarding the deal he rejected.

ESPN.com’s Chris Mortensen reports that Jackson signed a six-year deal (meaningextension of five years) which would have paid him Fully Guaranteed at $133 Million Signing, That’s more than Cardinals quarterback Kyler Murray ($103.3 million) and Broncos quarterback Russell Wilson ($124 million) have received in full guarantees on longer contracts (each seven years) signed in recent weeks.

Jackson”could earn“Over $290 million over six years. The new-money average of $48.5 million paid to Wilson by the Broncos would have been exceeded, according to Mortensen. (Wilson’s deal was taken as the $49 million new-money average) As noted here, failure to include the value of 17th game checks for 2022 and 2023 compared to old/new-money reduced the average to $48.5 million.)

It is unclear how much of the $290 million will count as Jackson’s base deal. Including the check for the 17th game, he will earn $24.35 million this year. Subtracting this from $290 million and dividing by five results yields an average of $53.13 million. Thus, apparently Jackson would have had to hit some triggers to earn the kind of money that would have netted him $290 million.

Mortensen also pointed out that the deal involved massive de-escalators ($2.5 million per year) is tied to Jackson who participates in most of the offseason event. Jackson skipped the team’s voluntary April-to-June sessions and rehearsals in 2022, mostly after not making a full appearance in his first four seasons.

There are some gaps in reporting that make a complete evaluation of the proposal impossible. What would have been the first year cash flow? How much contract would have been guaranteed for the injury? How much of the injury guarantee would have turned into a full guarantee in March 2023, because there’s no way they’ll cut him off after just one year, whatever they’ll be paying him in 2022?

None of this obviously matters, as Mortensen makes it clear that Jackson wanted a fully guaranteed, Deshaun Watson-style contract. And, as inferred here, Mortensen pointed out that Jackson “Active consultants from the NFLPA at the highest levelsMortensen also said that the union told Jackson “based on performance and age (25) he was justified in seeking a fully guaranteed contract if that’s what he wanted.”

He is reasonable to demand it, but just like the Cardinals and Broncos are justified in forbidding the Ravens from doing it. Remember, the union has made its position clear that it wants more fully-guaranteed contracts. It is therefore pertinent to ask whether the NFLPA’s agenda in this regard tarnished the advice Jackson received, allowing him to potentially roll the dice. Kirk Cousins-StyleYear-to-year strategy that includes playing in 2023 and 2024 under the franchise tag, becoming an unrestricted free agent in 2025, and trying to get a fully guaranteed contract on the open market.

Jackson could make over $125 million (factoring in the seventeenth game check) if he stays healthy and effective enough to be tagged twice. But, according to the report, right now $133 million would be fully guaranteed if they had taken the Ravens’ offer, plus an undisclosed amount on top of that in injury guarantees that would have flipped to full guarantee at some point in the next year or so. Two.

Perhaps most importantly, he would have earned more than $24.35 million in 2022. The specific amount is still not known. This is an important factor for valuation of the deal.

What if he walked away with over $50 million, cash in hand, for 2022? Over $70 million? Over $100 million? At some point, looking for a fully guaranteed contract must be commensurate with the size of the bird at hand.

We’ve always said that Jackson needs someone who can fully and objectively evaluate the team’s best offer, compared to a three-year search for unrestricted free agency that leads to a fully guaranteed white whale. may or may not. deal. The association, clearly, is not objective; It wants players to stick to fully guaranteed contracts, so that dynamic becomes a trend and, over time, standard practice. Jackson needs advice from someone who has no agenda or bias.

and if Jackson suffers a serious injury or if his sport declines for any reason over the next three years (including the accumulation of minor injuries depending on his physical playing style that does not leave him the player he was when He won the MVP award three years earlier), Jackson would only have himself – and his union – to blame for betting on himself and losing.

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