GLENDALE, ARIZONA - AUGUST 21: Quarterback Lamar Jackson #8 of the Baltimore Ravens on the sidelines during the first half of the NFL preseason game against the Arizona Cardinals at State Farm Stadium on August 21, 2022 in Glendale, Arizona. The Ravens defeated the Cardinals 24-17.

Report: Ravens, Jackson not close to contract extension

Christian Petersen / Getty Images Sport / Getty

The Baltimore Ravens and Lamar Jackson have been discussing a contract extension during the offseason. However, there's "nothing imminent" on that front, according to NFL Network's Ian Rapoport.

Jackson told reporters Wednesday that he and the team are still discussing a contract extension and that Friday is the deadline to get a deal done. The Ravens open their season Sunday against the New York Jets.

Jackson is looking for a fully guaranteed deal or close to it, similar to Deshaun Watson's fully guaranteed $230-million pact, according to Rapoport.

Russell Wilson is the latest quarterback to get an extension, signing a five-year year, $245-million contract with $161 million guaranteed. Wilson's deal won't help Jackson in his negotiations, Rapoport adds.

Jackson is heading into the final year of his rookie contract. He will make $23 million this season after making only $9.4 million in his first four campaigns combined.

The 25-year-old missed the final four games of last season due to an ankle injury. He has fully recovered and will start Week 1 against the Jets.

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