Lamar Jackson signs $260 million deal with Ravens — becomes NFL's highest-paid player

Star quarterback Lamar Jackson and the Baltimore Ravens have agreed to a five-year extension, the team announced on Thursday, just prior to the NFL Draft. According to CBS Sports NFL insider Josina Anderson, the deal is worth a $260 million, with $185 million of that guaranteed. 

The contract averages out to about $52 million per season, making Jackson the highest paid player in the NFL by average annual salary, Anderson reported. However, the guaranteed portion of the contract is well under the $230 million Cleveland Browns quarterback Deshaun Watson received last summer. 

Jackson expressed excitement about the extension in an official announcement video posted on the team's Twitter account.