Ravens have a $100M decision to make on Lamar Jackson

The Baltimore Ravens are facing a March 7 deadline to place the franchise tag on star quarterback Lamar Jackson.

While it’s pretty clear that Baltimore will tag Jackson, we’re not sure what it might look like. The Ravens can hand him the non-exclusive tag for $32.42 million, which would enable another team to sign the star quarterback while exhausting two first-round picks in return.

Baltimore also has the ability to place the rare exclusive franchise tag on Jackson. This would take the former first-round pick off the market completely. However, it would also cost the team a projected $45.46 million against the cap in 2023.

With everything happening behind the scenes, it’s not yet known what direction general manager Eric DeCosta will go. There have been recent reports that the Ravens are open to trading their former NFL MVP. Said decision will not have to be made before the franchise tag window closes. However, what Baltimore does beforehand could tell us in what direction the team is going.

Placing the exclusive tag on Jackson would put place Baltimore behind the proverbial eight-ball with the agent-less Jackson. A guaranteed sum of $45.46 million creates a lack of flexibility and increases the possibility that Jackson will simply play out the 2023 campaign under said tag.

It also increases the likelihood that Baltimore will then have to franchise Jackson again after the 2023 season. At this point, the minimal tag number for 2024 would be $54 million or so. That’s a total of $100 million guaranteed for just two seasons.