Tommy Gilligan-USA TODAY Sports

The Baltimore Ravens announced QB Lamar Jackson has officially signed his five-year, $260 million deal. 

This is a big moment for both Jackson and the team, as the two sides spent more than two years stalemated before ultimately coming to an agreement just before the draft last week. 

The deal makes Jackson the NFL’s highest-paid quarterback at $52 million a year. 

Jackson, 26, is a former first-round pick of the Ravens back in 2018. He played out the fourth year of his four-year, $9,471,652 contract that included a $5,968,472 signing bonus.

The Ravens picked up Jackson’s fifth-year option that cost them $23 million fully guaranteed for the 2022 season. He was due to be an unrestricted free agent in 2023 when the Ravens used the non-exclusive franchise tag at a cost of $32.3 million fully guaranteed. 

In 2022, Jackson appeared in 12 games for the Ravens and completed 62.3 percent of his passes for 2,242 yards, 17 touchdowns, and seven interceptions. He also rushed for 764 yards and three touchdowns.

More must-reads:

TODAY'S BEST
Lakers are giving up on this recent first-round pick
Reporter provides noteworthy injury update on Ravens QB Lamar Jackson
Bob Costas makes a big decision about his announcing future
Jets place key WR on injured reserve
Lamar Jackson dealing with multiple injuries ahead of Week 9
Angels, Braves make first trade of MLB offseason
Raiders HC Antonio Pierce calls out offensive coordinator
Sabrina Ionescu's WNBA Finals injury explains poor Game 5 shooting performance
Reports update job security of Yankees' Aaron Boone after World Series meltdown
Dodgers reliever retires after winning World Series
Takeaways from World Series Game 5: Dodgers win second title in five years thanks to Yankees' defensive miscues
Oilers star to miss multiple weeks with ankle injury
Raptors All-Star out for extended period with orbital fracture
NASCAR driver suspended for intentionally wrecking competitor
Colts' Anthony Richardson addresses 'tired' controversy, benching
Karl-Anthony Towns' first monster game with Knicks shows his true potential
Secret behind Colorado's impressive turnaround in 2024 revealed
Celtics coach wants more fighting in basketball
Mookie Betts had message for Dodgers fans after winning World Series
Watch: Juan Soto grounds out in potential final at-bat as a Yankee