The Ravens have eyed a Kyle Hamilton extension for a lengthy stretch. As the season nears, Baltimore has one of its 2022 standout first-rounders locked in long term.
Hamilton has agreed to a deal that makes him the NFL’s highest-paid safety, the team announced (via The Athletic’s Jeff Zrebiec). While fellow 2022 first-rounder Tyler Linderbaum remains on his rookie deal, Hamilton has reset the safety market.
This extension will move the bar far north at safety, with ESPN’s Adam Schefter reporting the Ravens are giving Hamilton a four-year, $100.4MM deal. Of that amount, $82MM is guaranteed, including $48MM in fully guaranteed money, per NFL Network’s Ian Rapoport. While this is a significant increase over the top of the safety market – set earlier this year by Kerby Joseph just over $21MM – it’s also somewhat reflective of increase in cornerback pay this offseason.
More than anything, of course, Hamilton’s contract is a reflection of his status as one of the best – if not the best – safeties in the NFL. He’s coming off back-to-back Pro Bowls and a ninth-place finish in Defensive Player of the Year voting after turning around Baltimore’s pass defense with his move to a more traditional safety role in 2024. His versatility and impact can be felt at all three levels of the field, similar to the Chargers’ Derwin James.
Appropriately, Hamilton’s deal is essentially James’ 2022 extension adjusted for cap inflation. James received $19MM per year, which accounted for 9.1% of the salary cap at the time, per OverTheCap. Hamilton’s $25MM APY represents just under 9.0% of the 2025 cap. Though it’s an expensive deal, the 24-year-old has two years remaining on his rookie contract. Adding four years and $100.4MM to that deal will keep Hamilton in Baltimore through the 2030 season for $20.3MM per year, which could become a steal as the cap continues to rise in the coming years.
The Ravens drafted Hamilton 14th overall in 2022 and have seen him soar to the All-Pro tier. With two original-ballot Pro Bowls on his resume, Hamilton secured the top fifth-year option price at safety ($18.6MM). His new deal checks in well north of that in terms of per-year average, and it will give future impact safeties a price to target.
The recent CB boom — which Patrick Surtain reset last year only to see the deal topped a few times over since — illustrates how quickly a market-setting contract can be eclipsed by others using it as a benchmark. After all, Antoine Winfield Jr. became the NFL’s first $20MM-per-year safety barely a year ago. That said, safety value has fluctuated over the years. As a result, Hamilton’s AAV may top the market for a while — particularly given the Notre Dame alum’s versatile skillset that is so pivotal to Baltimore’s defensive blueprint.
Hamilton is now the second-highest-paid Raven — behind only Lamar Jackson — representing rare status for a safety. The Ravens will now turn their attention to Linderbaum, who did not see his fifth-year option exercised due to the option formula grouping all O-linemen together. The Ravens want to pay their All-Pro center before season’s end.
Nikhil Mehta contributed to this post.