King Henry's reign in Baltimore will be seen through the 2027 season, at least.
The Ravens and Derrick Henry have agreed to a two-year, $30 million contract extension that includes $25 million guaranteed, NFL Network Insider Ian Rapoport reported on Wednesday. Baltimore subsequently announced the extension.
Rapoport added that the 31-year-old Henry's $15 million per-year average is the most ever for a running back over 30 years old.
Henry was entering the final season of the two-year, $16 million deal that landed him in Baltimore last offseason, and sees a significant raise following a tremendous debut season with the Ravens.
The bruising RB flourished in offensive coordinator Todd Monken's system in 2024, gaining 1,921 rushing yards to nearly become the first player in league history to surpass 2,000 yards in a single season twice. His 16 rushing touchdowns led the NFL last year and his 2,114 total scrimmage yards finished second only behind Saquon Barkley, the latest member of the 2,000-yard club.
Lamar Jackson also flourished with Henry at his side, producing an MVP-worthy campaign that saw career highs in passing yards (4,172) and touchdowns (41) while adding 915 rushing yards to generate the league's No. 1 offense.
Baltimore won the AFC North with a 12-5 record but fell to the Buffalo Bills, 27-25, in the Divisional Round.
The Ravens figure to be right back in the mix this upcoming season with their dynamic QB-RB duo leading the charge, and, by rewarding Henry's instant impact, will go into 2025 without any looming contract distractions.
Amassing 11,423 rushing yards in his nine-year career so far, Henry is nearing the top 10 of all-time rushing leaders and could pass a handful of Hall of Famers with a seventh 1,000-plus yard season.