Ravens general manager Eric DeCosta said Tuesday that he's confident a new contract extension with Jackson will be finalized this offseason, Adam Schefter of ESPN reports.
Jackson signed a five-year, $260 million extension in April 2023, but with his cap hit set to jump to $74.5 million for 2026 and 2027, a new deal to lower that number is a priority for Baltimore. After his career year in 2024, Jackson encountered multiple hurdles in 2025, most notably missing four regular-season games due to injury. He finished the year with a lackluster 2,549 passing yards, 21 touchdowns and seven interceptions after throwing for over 4,000 yards and a 41:4 TD:INT the year prior, while also having his rushing totals decline to just 349 yards and two scores on 67 carries.