Baltimore Ravens quarterback Lamar Jackson remains under a restructured five-year, $260 million deal running through 2027, with the team converting portions of his 2026 base salary into a signing bonus to free cap space while keeping him as the franchise signal-caller. Ongoing extension discussions, public optimism from general manager Eric DeCosta, and the absence of any reported trade interest or player dissatisfaction underpin the 96.9% implied probability against a deal before the 2026 season. Jackson has shown stability in Baltimore, and recent form plus organizational continuity reinforce the market's view of continuity. A sudden request to leave, breakdown in extension talks, or major injury altering leverage represent the primary low-probability paths that could still shift sentiment.