Lamar Jackson’s financial success is as impressive as his on-field achievements. He stands among the wealthiest NFL players, with a net worth of $150 million in 2024. This comprehensive guide by NFL Player Fortune explores his career earnings, endorsements, and future financial potential.
Lamar Jackson Quick Facts
| Fact | Detail |
|---|---|
| Real Name | Lamar Demeatrice Jackson Jr. |
| Popular Name | Lamar Jackson |
| Gender | Male |
| Birth Date | January 7, 1997 |
| Age | 27 years |
| Parents | Felicia Jones, Lamar Jackson Sr. |
| Siblings | Three (one brother, two sisters) |
| Birthplace | Pompano Beach, Florida |
| Nationality | American |
| Marital Status | Single |
| Children | 1 (daughter: Milan) |
| Net Worth | $150 million |
| Height | 6’3″ (1.91 m) |
| Weight | 200 lbs (91 kg) |
| Number (No) | 8 |
| Career Information | High School: Boynton Beach High; College: University of Louisville |
| Career History | Baltimore Ravens (2018–present) |
| Career Highlights | 2× NFL MVP (2019, 2023), Pro Bowl (2019, 2021, 2023), Heisman Trophy (2016) |
| Career NFL Stats | 18,763 passing yards, 150 TDs, 5,842 rushing yards |
| Medal Record | 2× NFL MVP, Maxwell Award, Walter Camp Award |
What is Lamar Jackson’s net worth in 2024?
Lamar Jackson’s net worth in 2024 is estimated at $150 million, positioning him among the NFL’s elite in terms of financial success. Jackson’s wealth is a testament to his contract negotiations, on-field performance, and endorsements compared to other quarterbacks of similar age and status.
How Jackson Compares:
- Joe Burrow: $160 million net worth, fueled by lucrative endorsements and a recent contract extension.
- Jalen Hurts: $140 million net worth, with rising earnings from endorsements and bonuses.
- Justin Herbert: $155 million net worth, driven by a record-breaking contract in 2023.
- Dak Prescott is the highest-paid NFL player, with a net worth of $180 million.
While Jackson falls slightly behind Prescott, his diverse portfolio, including investments in Era 8 Apparel and a Florida-based restaurant, ensures financial growth beyond his playing career.
What is Lamar Jackson’s salary/income in 2024?
Lamar Jackson’s 2024 salary and income cement his status as one of the NFL’s top earners. He will receive a base salary of $14.25 million for the year, supplemented by a $17.5 million signing bonus, totaling $31.75 million in cash earnings.
Salary Highlights:
- Base Salary: $14.25 million (fully guaranteed).
- Signing Bonus: $17.5 million (part of the record $72.5 million bonus signed in 2023).
- Cap Hit: $32.4 million, 12.8% of the Ravens’ salary cap.
Beyond his contract earnings, Jackson secures an additional $5–10 million annually through endorsements with brands like Oakley, Inc. and his own Era 8 Apparel line.
Jackson’s career trajectory shows consistent financial growth. His $260 million contract, signed in 2023, was the largest in NFL history. With $185 million guaranteed, he stands alongside quarterbacks like Joe Burrow and Justin Herbert in setting benchmarks for player earnings.
Overview of Lamar Jackson
Lamar Jackson, a dynamic and record-breaking quarterback, has revolutionized the NFL with his dual-threat playstyle. Born on January 7, 1997, in Pompano Beach, Florida, he is 6’3″ and weighs 200 pounds. His meteoric rise from college standout to NFL MVP reflects a career defined by speed, precision, and resilience. Known for his unparalleled rushing ability and remarkable passing accuracy, Jackson has set records that will stand for years, solidifying his place as one of the league’s elite quarterbacks.
Early Life
Lamar Jackson grew up in Pompano Beach, Florida, in an economically challenging environment. After losing his father at a young age, Jackson was raised by his mother, Felicia Jones, who instilled a strong work ethic and determination. He exhibited exceptional athletic abilities from an early age, participating in Pop Warner football alongside future NFL players. By age 11, Jackson was already demonstrating his potential, leading his team to championships and showcasing his remarkable throwing and rushing skills.
These formative years laid the foundation for his eventual rise to stardom. Despite facing adversity, Jackson excelled academically and athletically, earning accolades in both football and track during high school.
College Career
Jackson attended the University of Louisville, where he quickly became the centerpiece of the Cardinals’ football program. His freshman year was promising, but his sophomore season in 2016 elevated him to national prominence. That year, Jackson passed for over 3,500 yards and rushed for 1,500, becoming the first player in NCAA history to achieve such a feat in a single season. His performance earned him the prestigious Heisman Trophy, making him the youngest player to receive the award.
Throughout his college tenure, Jackson consistently demonstrated his ability to dominate defenses as a passer and rusher. His electrifying plays captivated fans and scouts alike, setting the stage for his entry into the NFL.
College Statistics
During his time at Louisville, Jackson amassed impressive statistics:
- Passing Yards: 9,043
- Rushing Yards: 4,132
- Touchdowns:
- Passing: 69
- Rushing: 50
Notable milestones include breaking several school records and leading the Cardinals to a 9-4 season in 2016. His dual-threat capability redefined expectations for college quarterbacks and highlighted his NFL potential.
Awards and Honors
College:
- Heisman Trophy (2016)
- Maxwell Award (2016)
- Walter Camp Award (2016)
- Unanimous All-American (2016)
NFL:
- 2× NFL MVP (2019, 2023)
- 3× Pro Bowl Selection
- 2× First-Team All-Pro
- Numerous AFC Offensive Player of the Week and Month honors
Jackson’s accolades underscore his influence on and off the field, with multiple records and awards recognizing his groundbreaking contributions to football.
Professional Career
Lamar Jackson entered the NFL as the 32nd overall pick in the 2018 draft, selected by the Baltimore Ravens. After a promising rookie season, he became the starting quarterback and transformed the Ravens’ offense with his innovative play style. In 2019, Jackson had a historic season, leading the league in touchdown passes and setting the single-season rushing record for a quarterback. That year, he was unanimously named the NFL MVP.
In 2023, Jackson signed a record-breaking five-year, $260 million contract with $185 million guaranteed, making him the highest-paid player in NFL history. His career highlights include leading the Ravens to multiple playoff appearances and consistently ranking among the top quarterbacks in passing and rushing statistics.
NFL Career Statistics
Jackson’s NFL career statistics showcase his versatility and dominance:
- Passing Yards: 18,763
- Rushing Yards: 5,842
- Touchdowns:
- Passing: 150
- Rushing: 31
He holds numerous records, including the most rushing yards in a single season by a quarterback and the most 100-yard rushing games in a career.
NFL Records
- Most Rushing Yards by a Quarterback in a Season: 1,206 (2019)
- Most Perfect Passer Ratings in a Career: 4
- First Player with Multiple 1,000-yard Rushing Seasons
- Youngest Player to Win NFL MVP Unanimously
Jackson’s record-breaking feats reflect his impact on modern football, redefining what a quarterback can achieve.
Personal Life
Off the field, Lamar Jackson is a devoted family man. He lives with his daughter Milan, affectionately called Lani, and remains close to his mother, who continues to be a source of support and inspiration. Beyond football, Jackson has ventured into business with Era 8 Apparel, a sportswear brand, and has invested in a soul food restaurant in Florida.
Jackson’s philanthropic efforts include community outreach programs to empower underprivileged youth. His off-field endeavors highlight his commitment to making a positive impact beyond the game.
Overview of Lamar Jackson’s Financial Success
At just 27 years old, Lamar Jackson is already a financial juggernaut in the NFL. With a contract valued at $260 million over five years, including $185 million in guarantees, Jackson’s financial trajectory continues to set standards. At one point, his average annual salary of $52 million was the highest for an NFL player. Despite the volatile nature of the quarterback market, his deal remains one of the most lucrative and strategically structured in NFL history.
Contract Structure: Breaking Down the Numbers
Jackson’s deal, signed in 2023, reflects his talent and leverage during negotiations. Here’s a closer look at the critical details of his contract:
- Total Value: $260 million
- Guaranteed Money: $185 million
- Fully Guaranteed at Signing: $135 million
- Signing Bonus: $72.5 million
- Average Annual Salary (APY): $52 million
- Duration: Five years (2023–2028)
The contract also includes unique clauses, such as a no-trade clause and a prohibition against franchise tagging after 2027, which provide Jackson with long-term security and flexibility.
Salary Breakdown: Year-by-Year Earnings
Here’s a detailed breakdown of Jackson’s base salary, bonuses, and total earnings across the contract:
| Year | Base Salary | Prorated Bonus | Roster Bonus | Cap Hit | Guaranteed Salary |
|---|---|---|---|---|---|
| 2023 | $7.5M | $14.65M | $0 | $22.15M | $7.5M |
| 2024 | $14.25M | $14.65M | $3.5M | $32.4M | $14.25M |
| 2025 | $20.25M | $14.65M | $8M | $43.65M | $21M |
| 2026 | $51.25M | $14.65M | $8M | $74.65M | $29M |
| 2027 | $51.25M | $14.65M | $8M | $74.65M | $0 |
| 2028** | Void Year** | $0 | $8M | $12.5M | $0 |
Note: The 2028 void year ensures a manageable cap impact while aligning with Jackson’s guaranteed earnings.
Cap Impact: Balancing Team Finances
The Baltimore Ravens structured Jackson’s deal to optimize cap flexibility. Despite Jackson’s high APY, his cap hit in 2024 is 12.8% of the Ravens’ salary cap, leaving room for roster building. However, challenges arise in later years, particularly in 2026 and 2027, where cap hits soar to $74.65 million, the league’s highest during those seasons.
This strategic structuring emphasizes the importance of Jackson’s performance and the team’s ability to rework deals or add void years to mitigate future cap impacts.
Cash Flow: Front-Loaded Earnings
The financial architecture of Jackson’s contract ensures significant early-career cash flow. In 2023, he received $80 million in cash, including his $72.5 million signing bonus. Over the first three years, he is set to earn:
- 2023: $80M
- 2024: $32.5M
- 2025: $43.5M
This cumulative total of $156 million represents 60% of the contract value, providing financial stability while aligning with his peak performance years.
Guaranteed Money: Securing the Future
Lamar Jackson’s guarantees reflect his value and the Ravens’ commitment. Out of the $185 million guaranteed, $135 million is fully guaranteed at signing, covering his 2023 and 2024 salaries and a portion of his 2025 salary. Additional guarantees are triggered by roster bonuses due on the 5th day of the 2024 and 2025 league years.
This layered guarantee structure ensures Jackson’s financial security while incentivizing team longevity.
Conclusion
Lamar Jackson’s financial journey is as dynamic as his playing style. From record-breaking contracts to savvy investments, he exemplifies wealth-building in professional sports. Explore more in-depth analyses at NFL Player Fortune and join the conversation in the comments!
