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Ravens Free Nearly $40M by Restructuring Lamar Jackson’s Deal

Lamar Jackson and the Baltimore Ravens have restructured his contract to create nearly $40 million in cap space. Baltimore converted $51.25 million of Jackson’s base salary into a signing bonus, lowering his 2026 cap hit. The move helps the Ravens complete key roster moves, including the signing of Trey Hendrickson, while still leaving the door open for a long-term extension later.