Pro Football Rumors
MAY 19: Henry’s deal is now official, and Pro Football Talk’s Mike Florio notes it includes a signing bonus of $11.75MM. The pact also contains $1MM roster bonuses for the next two years, with 2025’s guaranteed. Henry’s base salaries for this year ($1.26MM) and next ($1.3MM) are fully locked in, as is a $9.7MM option bonus for the 2026 campaign.
A decision will need to be made by the Ravens ahead of the 2027 season, one in which Henry’s $11MM salary is not guaranteed. When speaking publicly on Monday after signing the deal, he declined to say whether or not he intends to continue playing by that point (h/t ESPN’s Jamison Hensley), but for at least two more years Henry’s future is assured.
MAY 14: The Ravens’ rumored Derrick Henry extension will come to pass. After a dominant Baltimore debut, extension discussions began. Weeks later, the All-Pro back is now signed beyond 2025.
Baltimore will extend Henry on a two-year, $30MM deal, ESPN’s Adam Schefter reports. Henry will see $25MM fully guaranteed. Delivering a monster age-30 season, Henry is now signed through 2027. This deal certainly puts the former Titans star on track to finish his career as a Raven.
Previously attached to a two-year, $16MM deal, Henry entered the 2024 free agency period with mileage concerns. Those helped keep his previously full guarantee ($9MM) low. As Saquon Barkley ($26MM) and D’Andre Swift ($14MM) received far more lucrative at-signing numbers last year, Henry did not receive comparable interest. The Ravens had targeted the likely Hall of Fame-bound back before the 2023 trade deadline, however, and they kept that interest in pairing him with Lamar Jackson a year later. Henry rewarded the AFC North team, helping it claim another division title.
Henry became only the second running back this century to gain at least 1,900 yards and fail to land a first-team All-Pro nod, joining ex-Packer Ahman Green (2003). It took a historic Barkley stampede to deny Henry that. Henry, however, led the NFL with 16 rushing touchdowns during his 1,921-yard rampage.
After the Eagles rewarded last year’s first-team All-Pro RB with a deal that included $36MM fully guaranteed, the Ravens will give their bulldozing starter a guarantee near the top tier at the position. Henry’s $25MM ranks behind only Barkley’s number and Ashton Jeanty‘s rookie contract among locked-in money at the position. It provides the 10th-year veteran considerable security for 2026, providing a clear sign the former Heisman winner will play beyond this season.
This Ravens decision represents a tremendous commitment to a player who is 31 and has logged 2,355 career carries — most among any back on a current roster. Henry has a 639-carry edge on Joe Mixon, who sits in second among active RBs. Henry has now secured two big-ticket extensions during his career. This one, despite Henry’s age, nearly eclipses his 2020 Titans accord in guarantees. That deal, agreed to at the 2020 franchise tag deadline, brought $25.5MM locked in.
Though, Henry needed to sign for...
