Baltimore Ravens QB Lamar Jackson becomes NFL's highest paid player

FILE – Baltimore Ravens quarterback Lamar Jackson (8) looks to pass the ball during the first half of an NFL football game against the Denver Broncos, …

FILE – Baltimore Ravens quarterback Lamar Jackson (8) looks to pass the ball during the first half of an NFL football game against the Denver Broncos, Sunday, Dec. 4, 2022, in Baltimore. Lamar Jackson was again absent from practice during the portion open to reporters Wednesday, Jan. 11, 2023. The Baltimore star hasn’t practiced since injuring his knee in a Dec. 4 win over Denver, and there was no sign of him Wednesday as the Ravens prepared for Sunday night’s playoff opener at Cincinnati. Jackson missed the final five games of the regular season.(AP Photo/Terrance Williams, File)

by: Chad Krispinsky

Posted: Apr 27, 2023 / 04:49 PM EDT

Updated: Apr 27, 2023 / 04:53 PM EDT

BALTIMORE, Md. (WKBN) — The Baltimore Ravens announced that they have agreed to terms on a long-term contract extension with quarterback Lamar Jackson.

The dual-threat quarterback receives a five-year contract extension worth a reported $260 million, making him the NFL’s highest-paid player.

The news comes just hours before the start of the NFL Draft.

Jackson was the 2019 NFL MVP. He is already one of six quarterbacks in NFL history with 10,000 yards passing and 4,000 rushing yards.

Last season in Baltimore, Jackson played in 12 games and passed for 2.242 yards, 17 touchdowns and 7 interceptions. He also amassed 764 rushing yards and three touchdowns on the ground.