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Derrick Henry Signs Record $30M Extension with Ravens Through 2027

The 31-year-old running back secures the largest NFL contract ever for a player at his position over 30, following a dominant 2024 season.

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Jan 11, 2025; Baltimore, Maryland, USA; Baltimore Ravens running back Derrick Henry (22) runs to score a touchdown against the Pittsburgh Steelers in the third quarter in an AFC wild card game at M&T Bank Stadium. Mandatory Credit: Tommy Gilligan-Imagn Images
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Ravens running back Derrick Henry, left,  and assistant head coach/running backs Willie Taggart speaks to media during a press conference at the Under Armour Performance Center. (Kevin Richardson/Staff)

Overview

  • Derrick Henry officially signed a two-year, $30 million extension with the Baltimore Ravens, including $25 million in guaranteed money, keeping him with the team through 2027.
  • The deal marks the largest contract in NFL history for a running back over 30, reflecting Henry's exceptional performance in 2024.
  • Henry rushed for 1,921 yards, scored 16 touchdowns, and averaged 5.9 yards per carry last season, setting age-related NFL records.
  • Henry emphasized his commitment to daily improvement and declined to comment on whether this will be his final NFL contract.
  • Analysts highlight potential long-term challenges due to Henry's age, but the Ravens are confident in his work ethic and impact on the team.