Back to today’s briefing

Story perspectives

Ravens Restructure Jackson's Deal, Sign Hendrickson for $112M

3/11/2026

37 7 Full Breakdown

Summary

Story summary

The Baltimore Ravens restructured Lamar Jackson’s contract, freeing $40 million in cap space for 2026.
The Ravens withdrew from a trade for Maxx Crosby after a failed physical.
The restructuring cut Jackson's cap hit from over $70 million to about $34 million.
The Ravens have about $58–$60 million in cap space, third in the NFL.
Soon after, the Ravens signed Trey Hendrickson to a four-year, $112 million contract.

History

Historical Context

The NFL implemented a salary cap in 1994, initially set at $34.6 million per team, to promote competitive balance and financial stability. This cap has evolved significantly, reaching approximately $60 million today. The 2011 Collective Bargaining Agreement further refined these rules, mandating teams spend at least 88.8% of the cap, shaping player contracts and team strategies in the league.

1 of 2

Story summary

The Baltimore Ravens restructured Lamar Jackson’s contract, freeing $40 million in cap space for 2026.
The Ravens withdrew from a trade for Maxx Crosby after a failed physical.
The restructuring cut Jackson's cap hit from over $70 million to about $34 million.
The Ravens have about $58–$60 million in cap space, third in the NFL.
Soon after, the Ravens signed Trey Hendrickson to a four-year, $112 million contract.

1 / 2