BALTIMORE — The Baltimore Ravens have announced they're using the franchise tag on quarterback Lamar Jackson ahead of the deadline.
According to multiple reports, they're placing the non-exclusive version on him, making his salary $32.41 million for next year.
BREAKING: The #Ravens announce they have "used the franchise tag" on Lamar Jackson.
— Shawn Stepner (@StepnerWMAR) March 7, 2023
This means Jackson is allowed to negotiate with other teams, but Ravens have the right to match any offer sheet he signs or take two first-round picks in return for him.
Ravens' general manager Eric DeCosta issued the following statement after failing to reach a long-term deal with Jackson: