FEBRUARY 12: In a live discussion of the below report, Rapoport suggests there is a very real possibility that the Ravens deploy the non-exclusive tag and allow another club to do their negotiating for them before ultimately matching an offer sheet (video link). Obviously, such a maneuver would create the risk of another team offering Jackson the fully-guaranteed deal he has been seeking but that Baltimore has been unwilling to authorize.

FEBRURARY 11: Much uncertainty still surrounds Lamar Jackson and the Ravens as the window for using franchise tags approaches. More specifically, the question of whether or not the former MVP remains in Baltimore for 2023 has yet to be answered, and little clarity currently exists.

In the latest breakdown of the situation, Tom Pelissero, Ian Rapoport and Mike Garafolo of NFL Network note that a franchise tag is still a certainty in the (likely) absence of a multi-year extension being agreed upon. They add, however, that there still exists a “possibility” that the Ravens end up trading Jackson for what would amount to a “windfall of draft picks.”

Jackson, 26, played out this past season on the fifth-year option of his rookie contract. Its $23MM value will be comfortably exceeded regardless of which franchise tag the Ravens choose to use. The non-exclusive one ($32.4MM) would leave Jackson the option of negotiating with another team and signing an offer sheet. In the event Baltimore declined to match it, they would receive two first-round picks as compensation.

On the other hand, the exclusive tag would eliminate the threat of an offer sheet. It would also carry a much larger burden on the Ravens’ books, with a projected value of over $45MM. It was reported recently that Baltimore was leaning towards the exclusive tag; the team must finalize a long-term contract in the very near future for a tag not come into play during the Feb 21-March 7 window.

Jackson’s likeliest location for the 2023 campaign remains Baltimore, even in the absence of a new deal, the NFL Network trio add. Still, the Louisville product would draw plenty of trade (or offer sheet) interest from any number of teams if they felt he would be available. A report from last month indicated just that, though the Ravens have been very public in their support of the former Heisman winner and their intention of retaining him for at least the short-term future.

On another note, the NFLN report adds that Jackson has yet to communicate with any of Baltimore’s offensive coordinator candidates. In the wake of Greg Roman‘s departure, the team indicated Jackson would have a say in the selection process, so that update speaks to how much longer Baltimore’s search could still take until after the Super Bowl. Regardless of the developments on that front, speculation will no doubt continue regarding Jackson’s future.

Ravens GM Eric DeCosta said last month he has gone back and forth on the exclusive-or-nonexclusive decision regarding Lamar Jackson‘s imminent franchise tag. A month from the March tag deadline, the sense is the Ravens will be the rare team to unholster the exclusive tag.

The Ravens should be expected use the exclusive tag, Ian Rapoport of NFL.com said during a Pat McAfee Show appearance (video link). Execs around the league believe the Ravens should use this rarely deployed player-retention tool to cuff their five-year starter, Jeremy Fowler of ESPN.com adds. The Ravens have until March 7 to tag Jackson.

Nonexclusive franchise tag figures surfaced last week. While it would cost Baltimore more than $32.42MM to use the standard franchise tag on Jackson, an exclusive tag — which prevents other teams from negotiating with players — is expected to come in just north of $45MM. That is uncharted cap terrain for the Ravens, who rostered Jackson on a $23MM fifth-year option in 2022.

The exclusive quarterback tag brings a price hike into historic cap territory, and given Jackson’s path since becoming extension-eligible, the Ravens will likely be forced to carry that number on their payroll for a while. The sides have not made progress since DeCosta and John Harbaugh emphatically endorsed a Jackson return, Jeff Zrebiec of The Athletic notes (subscription required). Although the Ravens have not given up hope of extending Jackson before free agency, per Zrebiec, everything that has transpired to this point does not suggest that will happen.

A potentially unbridgeable gap in guaranteed money exists here, with the Ravens having offered $133MM fully guaranteed last year and Jackson seeking a number that outflanks Deshaun Watson‘s record-shattering $230MM figure. In a vacuum, Jackson is justified in asking for that. But teams are treating the Browns’ 2022 Watson deal — which came amid a four-team trade sweepstakes — as an outlier. Steve Bisciotti said last year he wished the Browns had not gone to that guarantee place for Watson, and it indeed affected the former Browns franchise’s talks with its passer. The Ravens remain unlikely to offer a fully guaranteed deal, Zrebiec adds.

Jackson skipped the Ravens’ offseason workouts last year. Absent a deal, it should not be expected the five-year veteran will show for Baltimore’s voluntary portion this year. Until Jackson signs his franchise tender, he would not be obligated to attend minicamp or training camp, either. With the Ravens retooling on offense this offseason, Jackson attendance will be more important than it was last year. The Ravens are also involving the pending free agent in their OC search.

Compared to most teams, the Ravens are in good cap place. They hold nearly $27MM in space, sitting within the top 10 leaguewide. That would change once a Jackson exclusive tag enters the picture. The dual-threat star has refused Baltimore’s best offers thus far, and although he must sign the tag to lock in that $45MM, the self-represented player’s unorthodox approach regarding his second contract could certainly lead to him making the Ravens sweat leading up to the season.

A nonexclusive tag stipulates teams can pry tagged performers away with two first-round picks. The Ravens using the exclusive tag would allow them to set a different trade market, and while Rapoport adds a trade remains unlikely, paying the extra $13MM would move the boundary for trade compensation. Watson is the only quarterback to fetch three first-round picks since the 1970s, but Jackson — a three-time Pro Bowler with an MVP honor on his resume — has outperformed the controversial QB. Then again, it would require more adjustments to a team’s offense to build an attack around Jackson’s unique skillset.

Trade calls should be expected, Fowler adds, but this part of the Jackson process does not appear to have ignited just yet. A January report pointed to teams believing the Ravens will, in fact, make Jackson available. But DeCosta and Harbaugh’s strong endorsements push back on that. Though, pivoting to a trade after such statements would not exactly be an NFL first. We do appear headed toward a full-fledged third round of these negotiations, and no end is in sight.

The Ravens’ season came to an end last night, but there remains a major storyline which is likely to surround the franchise well into the offseason. Quarterback Lamar Jackson was absent from the game against the Bengals, and his latest comments on his contract status have added further to the speculation regarding his future.

The 26-year-old suffered a PCL sprain in Week 13 and was immediately believed to be facing a multi-week absence. His prognosis changed over time, however, and with each passing week at the end of the regular season it became increasingly noteworthy that he did not return to the lineup. Not long after he personally provided an update on the status of his injured knee (including, specifically, the matter of swelling not reducing as hoped), he was ruled out for the wild-card round. He did not travel with the Ravens to Cincinnati.

That stood in contrast to what the team had hoped with respect to Jackson’s recovery timeline and invited plenty of questions concerning the former MVP’s willingness to return to action as the offseason — and, therefore, the latest round of contract negotiations — approached. In response to public backlash and reports of internal frustration on the matter, the Ravens made it clear they remain “all-in” on committing to him on a long-term deal. Such a move clearly remains the target from Jackson’s perspective.

“When you have something good,” he said in an Instagram post, “you don’t play with it. You don’t take chances losing it. You don’t neglect it. When you have something good, you pour into it. You appreciate it. Because when you take care of something good, that good thing takes care of you too” (h/t Mike Florio of Pro Football Talk).

Those comments can certainly be construed as a less-than-subtle directive to Baltimore’s front office, which has been in talks with the agent-less signal-caller on and off for multiple offseasons. The matter of guarantees has long been known to be the sticking point in contract talks, with the historic Deshaun Watson deal (five years, $230MM fully guaranteed) representing precedent for a similar mega-extension, though the summer’s other QB deals pointed to the market heading in a different direction.

Jackson is scheduled to hit free agency for the first time when his rookie contract expires in March, but Baltimore is expected to use the franchise tag on him to prevent his departure. With the drama surrounding this situation suggesting a long-term deal may not be likely, the central question could become which tag (exclusive or non-exclusive) the Ravens use. The former would carry a substantial one-year cap burden, while the latter would open the door to an offer sheet coming into play.

With the Ravens now turning their attention to an evaluation of their offense – one which was far less productive during Jackson’s absence – the matter of his contract will dominate headlines for weeks to come.

Despite growing frustration in Baltimore surrounding Lamar Jackson‘s PCL injury, the Ravens are still interested in a long-term pact with their franchise quarterback. NFL Network’s Ian Rapoport reports that the organization’s stance on their quarterback hasn’t changed, and whenever the season ends, the front office plans to “begin negotiating with Jackson with hopes of striking a long-term deal.”

[RELATED: Lamar Jackson To Miss Wild-Card Game]

A source told Rapoport that the Ravens are “still all in” on Jackson, even “despite the disappointment with Jackson not being able to play in the first round.” While the team made significant progress on negotiations before the 2022 season, Jackson ended up playing out this season on his $23MM fifth-year option. The former MVP has reportedly been eyeing a Deshaun Watson-like deal.

Sources told Rapoport that the franchise tag is still the most likely scenario. However, it’s uncertain whether the organization would hit Jackson with the standard franchise tag (allowing him to negotiate with other teams while promising compensation if he leaves) or the exclusive tag (which provides exclusive negotiations but with a higher tag price).

Jackson hasn’t seen the field since early December while he’s continued to recover from a PCL injury. Rapoport observes that “Jackson would be at minimal risk of reinjury if he played” tomorrow against the Bengals, although the QB clarified this week that he’s not playing because he’s still not at 100-percent health. Last year, Jackson missed the Ravens’ lone playoff game while dealing with a bone bruise in his ankle. We could end up seeing a similar scenario this year, leading to some natural frustrations within the organization.

Yesterday, Mike Florio of ProFootballTalk.com wrote that the “powers-that-be” are “becoming frustrated to the point of exasperated with Jackson’s inability (or unwillingness) to play.” Veteran Sammy Watkins also had some strong words about his quarterback, saying that “everybody is pretty much banged up” at this point of the season. The wide receiver also seemed to question how Jackson’s impending free agency has played into his absence.

“I think the world is ready to see Lamar back on the field, doing what he do best, and get all the stipulations and contract stuff behind him,” Watkins said (via Florio). “I pray somebody talks to him like, ‘Man, just sign the deal.’ You know what I mean? And he get out there and hopefully, if . . . he’s healthy, he can just come play this Sunday. We all know that’s up to Lamar and whatever goes on. Hopefully, they get something done. The world wants to see Lamar be a Baltimore Raven for the rest of his life. . . . [T]he world wants to watch Lamar Jackson. That’s a phenom talent, a talent that you rarely come by. Things that he do on the field and things that you see, to be quite honest when he’s out there, he makes everybody play better, just to have him in that huddle. I pray that somebody reach out to him or that he’s really truly getting healthy and can play, that he wake up Thursday and be like, ‘All right, forget it. I’m playing.’ I think that would change the whole trajectory of our season.”