Baltimore Ravens quarterback Lamar Jackson remains under contract through 2027 following a March 2026 restructure that lowered his 2026 salary cap hit to roughly $34.5 million. The team continues to prioritize a long-term extension, with owner Steve Bisciotti previously signaling urgency and general manager Eric DeCosta confirming ongoing negotiations. Jackson's dual-threat production and history of leading Baltimore to consistent playoff appearances make replacement difficult, while offseason speculation about a potential Raiders swap has not materialized into active discussions. Traders view these developments as evidence the franchise intends to retain its franchise quarterback rather than pursue a trade before the 2027 season.