Lamar Jackson remains under contract with the Baltimore Ravens through the 2027 season following a March 2026 restructure that lowered his 2026 cap hit while creating an $84.3 million number the following year. His deal includes a no-trade clause, and he has repeatedly stated a desire to stay in Baltimore long-term while expressing enthusiasm for new head coach Jesse Minter and offensive coordinator Declan Doyle’s scheme during training camp. Extension negotiations stalled this offseason, with insiders expecting talks to resume after the 2026 campaign, when Jackson could leverage strong performance for top-of-market money. Trade speculation surfaces only in hypothetical long-shot scenarios involving a disappointing season and failed 2027 talks, yet his contractual protections and organizational history make such an outcome before the next season highly improbable.