Lamar Jackson Net Worth, $260 Million Contract (2023), 2019 MVP Season and Charity Work

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Last Updated- September 7, 2024

Ask About	Answer
Net Worth	Around $60 Million (2024)
Salary	52 million USD (2024)
Height	1.88 m
Profession	American football quarterback
Relationship with	Jaime Taylor(2024)
Kids	Milan
Parents	Felicia Jones, Lamar Jackson Sr.

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Table of Contents

Lamar Jackson Net Worth, Early Life and Personal Life

Lamar Jackson net worth 2023-2024 is estimated to be  $60 million, with an impressive $52 million salary. His strategic decision to decline a $250 million extension in 2022 led to a savvy negotiation for a 5-year, $260 million contract in 2023. Notably, $185 million of the deal is fully guaranteed, ensuring financial stability. What’s more impressive? Jackson negotiated the entire deal without an agent, saving $5.5 million in fees.

He was born on January 7, 1997, in Pompano Beach, Florida. His early life was marked by significant challenges, including the tragic loss of his father, Lamar Jackson Sr., in a car accident, and his grandmother to illness in 2005. These events left Lamar and his younger siblings in the care of their mother, Felicia Jones, who worked tirelessly to support the family in a tough neighborhood. Despite these hardships, Felicia’s dedication and Lamar’s resilience shone through. Lamar attended Boynton Beach High School, where he excelled as a dual-threat quarterback, amassing impressive stats with 2,263 passing yards and 31 touchdowns, along with 1,624 rushing yards and 22 touchdowns, capturing the attention of college scouts nationwide.

Despite his fame and fortune, Lamar Jackson remains a private individual, known for his shy demeanor and aversion to the spotlight. He maintains a close relationship with his mother, who also manages his career, and stays grounded by indulging in his favorite hobbies, including a love for Superman and a fondness for shrimp Alfredo pasta, often his go-to pre-game meal. Jackson also cherishes his lifelong friendship with rapper Kodak Black, a bond formed during their childhood.

Lamar Jackson’s $260 Million Contract

1. Key Decision: Declined a lucrative 6-year, $250 million extension in September 2022.
2. Strategic Move: Opted for a 5-year, $260 million contract, signed on April 27, 2023, showcasing a savvy negotiation approach.
3. Impressive Averages: The per-season average salary amounts to a staggering $52 million.
4. Security Assured: $185 million of the deal is fully guaranteed, ensuring financial stability.
5. Agent-Free Success: Negotiated the entire deal without an agent, saving $5.5 million in agent fees.

Sources of Income

1. Commercials for brands such as Pizza Hut, Nike, Bose, Oakley, and Hulu
2. Owns Era 8 Apparel, a clothing line that supports youth development and education
3. Investments in real estate, including a $1.5 million mansion in Baltimore
4. Invested in and endorsed Play Action Soulfood and More, a soul food restaurant business
5. Investments in start-ups, including a virtual reality business named StatusPro.

Lamar Jackson’s Awards and Achievements

1. He played college football at Louisville, winning the Heisman Trophy in 2016, along with several other prestigious awards such as the Maxwell Award and Walter Camp Award
2. Drafted #32 overall by the Baltimore Ravens in the 2018 NFL Draft
3. Youngest starting quarterback in NFL playoff history during the 2018 season
4. Multiple AFC Offensive Player of the Week awards in 2019
5. Madden 2021 cover athlete.
6. NFL Most Valuable Player (2019)
7. Two First-team All-Pro selections (2019, 2023)
8. Three Pro Bowl appearances (2019, 2021, 2023)
9. The Bert Bell Award (2019)

Lamar Jackson Endorsements Deals

Lamar Jackson, the star quarterback for the Baltimore Ravens, has secured several lucrative endorsement deals throughout his career. His dynamic playstyle and rising fame have made him a sought-after figure for various brands. Here’s some of Lamar Jackson Endorsements Deals:

1. Oakley

• Partnership: Lamar Jackson became an official ambassador for Oakley in 2020. The deal includes Jackson promoting Oakley’s sports performance eyewear, including their Prizm lenses, which are popular among athletes.
• Significance: This partnership is particularly notable as it aligns with Jackson’s image as a high-performance athlete who values precision and clarity in his game.

2. Nike

• Partnership: Jackson signed a deal with Nike early in his career, solidifying his position as one of the premier faces for the brand in the NFL.
• Products: He is often seen sporting Nike gear, and the brand capitalizes on his popularity by associating their athletic wear and football gear with his image.
• Significance: Nike’s endorsement deal is a testament to Jackson’s influence and marketability as an elite athlete.

3. EA Sports (Madden NFL)

• Partnership: Jackson was featured as the cover athlete for “Madden NFL 21,” a significant achievement for any NFL player.
• Significance: Being on the cover of Madden NFL not only increases a player’s visibility but also cements their status as a top-tier athlete in the sport.

4. Urban Armor Gear (UAG)

• Partnership: In 2019, Lamar Jackson partnered with UAG, a brand known for its durable phone cases and mobile accessories.
• Significance: The partnership reflects Jackson’s appeal to a younger, tech-savvy audience who values both style and protection for their devices.

5. FedEx

• Partnership: Jackson has worked with FedEx as part of their NFL partnership. He’s been involved in promotions for the FedEx Air & Ground NFL Players of the Week program.
• Significance: This partnership highlights Jackson’s status as one of the most exciting and efficient quarterbacks in the league.

6. TruSox

• Partnership: Jackson has endorsed TruSox, a brand that produces anti-slip performance socks for athletes.
• Significance: The endorsement aligns with his commitment to maximizing his on-field performance with gear that provides a competitive edge.

7. SportBLX

• Partnership: Lamar Jackson became the first NFL player to have his own digital trading card sold as a security on SportBLX, a platform that allows fans to invest in athletes.
• Significance: This partnership is groundbreaking, blending sports and financial technology, and showcasing Jackson’s innovative approach to his brand.

8. Oura Ring

• Partnership: Jackson teamed up with Oura Ring, a health technology company known for its smart rings that track sleep, heart rate, and other health metrics.
• Significance: This partnership emphasizes Jackson’s focus on health and performance optimization.

Jackson’s marketability continues to grow as he builds on his success on the field, making him a top target for brands looking to connect with a younger, sports-oriented demographic.

Lamar Jackson’s 2019 MVP Season

1. Franchise-Best 14-2 Record: He led the Ravens to their best-ever season in 2019.
2. MVP Triumph at 23: He secured the prestigious MVP award at the age of 23.
3. Record-Breaking Rushing: The quarterback set new records for rushing, showcasing his exceptional athleticism.
4. Top Seed in the Playoffs: His stellar performance secured the Ravens the coveted top seed in the playoffs.

Lamar Jackson’s Assets

Cars

1. Toyota Corolla (Draft Day)
2. Rolls Royce Wraith (Almost $350,000)
3. Mercedes Benz SL500 (Almost $300,000)

House

1. Bedrooms: 8 spacious rooms for ultimate comfort.
2. Bathrooms: 7 modern bathrooms for convenience.
3. Recreation Room: Perfect for entertainment and leisure.
4. Gym: Stay fit without leaving home.
5. Office Space: A dedicated area for work or study.
6. Wet Bar: Ideal for hosting gatherings and celebrations.
7. Living Room: A cozy space for relaxation and family time.
8. 3-Car Garage: Convenient parking and storage.
9. Swimming Pool: Enjoy a refreshing dip in your backyard.
10. Ample Lawn Space: Perfect for outdoor activities and events.

Lamar Jackson’s Charity Work

1. The Lamar Jackson Foundation: Dedicated to various charitable causes.
2. Thanksgiving Turkey Donations: Providing holiday meals to those in need.
3. COVID-19 Relief Contributions: Supporting communities during the pandemic.
4. Free Youth Football Camps: Nurturing young talent and fostering community engagement.
5. Partnerships with Organizations like the United Way: Collaborating for widespread social impact.

He initiatives like The Lamar Jackson Foundation, Thanksgiving turkey donations, COVID-19 relief contributions, free youth football camps, and partnerships with organizations such as the United Way, exemplifies a commitment to philanthropy that spans diverse causes, from community well-being to youth development.

Frequently Asked Questions (FAQs)