The Ravens were hoping to sign star quarterback Lamar Jackson to a long-term extension before the start of the 2022 season, but the former MVP turned down a $290 million offer according to ESPN's Chris Mortenson and Adam Schefter.
Jackson will make $23 million this season and is set to become a free agent in March. The Ravens will likely use the franchise tag on him if they don't sign him to a new contract.
This is just the latest in the rapidly developing quarterback market. The Bengals are monitoring the situation since Joe Burrow will become extension eligible next March.
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