The recent restructuring of Lamar Jackson’s deal, which dropped his 2026 cap figure from $74.5 million to roughly $34.5 million while pushing a larger hit into 2027, signals the Ravens’ clear intent to retain their two-time MVP quarterback for at least one more season. Ongoing extension discussions between Jackson, who represents himself, and general manager Eric DeCosta remain fluid, with owner Steve Bisciotti publicly stressing urgency before free agency. This financial maneuvering, combined with Jackson’s no-trade clause and the franchise’s history of prioritizing continuity at the position, has kept the market nearly even. A strong 2026 campaign or successful long-term agreement could solidify his staying in Baltimore, whereas stalled talks or another disappointing season might reopen trade conversations despite limited realistic suitors.