Lamar Jackson has been the subject of plenty of scrutiny for his decision to negotiate his new contract without an agent. And plenty wondered whether it might cost him a big deal.
But on Thursday, Jackson, sans agent, landed his new contract. The Ravens agreed to a five-year, $260 million deal with their franchise quarterback, including $185 million guaranteed in the deal.
Previous reporting had been that Jackson had received a five-year, $250 million offer with $133 million fully guaranteed and $200 million in total guarantees. Jackson refuted the report and appeared to suggest he had received an offer for three years and $133 million, and questioned why he needed an agent.
133/3years fully guaranteed😒 but I need a agent? 🤣🤦🏾♂️
— Lamar Jackson (@Lj_era8) March 14, 2023
MORE: How much money is Lamar Jackson making in his new contract?
Jackson not only got the big contract, he also saved some money by doing so without an agent. How much did he save? Here's what you need to know.
How much money Lamar Jackson saved without an agent
Jackson will be making at least $185 million during the course of his deal and up to $260 million. And because he agreed to do that deal without an agent, he gets to avoid sharing the cost with anyone else.
Per the Washington Post, agents will receive between 1.5 percent and up to 3 percent, which is the maximum for contracts.
For Jackson, that means he could have lost up to $7.8 million to an agent, if he were to lose 3 percent of the full $260 million. He also could have lost a minimum of $2,775,000, had he lost 1.5 percent of the $185 million.
By comparison, between Jackson's first four seasons in the NFL, Jackson made only $9,758,549, according to Spotrac, $4,968,471 of which came from his signing bonus when he was drafted.
Jackson is the second Raven to negotiate a contract without an agent. During the season, Roquan Smith, who was acquired from the Bears, signed a five-year, $100 million that included $60 million in guarantees.
MORE: How Jackson's deal compares to Jalen Hurts, Patrick Mahomes
