Derrick Henry has signed a new contract with the Baltimore Ravens that makes him the highest-paid running back over the age of 30.
Derrick Henry Inks New Deal
Derrick Henry and the Baltimore Ravens reached agreement today on a two-year, $30 million extension that includes $25 million fully guaranteed over the next two seasons, per Todd France of Athletes First. It is the largest deal in NFL history for a running back over 30 years old. pic.twitter.com/aeeqmHczPb
— Adam Schefter (@AdamSchefter) May 14, 2025
Henry and the Ravens have agreed to terms on a two-year extension worth $30 million, with $25 million guaranteed.
Henry had one year and $7 million on his existing contract. The new deal keeps Henry on the team through the 2027 season.
Henry will now make $14 million, $11 million, and $12 million in each of the next three seasons.
The new contract is the largest deal for a running back over 30 years old. Running backs typically decline once they hit 30. Henry, 31, is the exception.
Henry signed with the Ravens during the 2024 free-agency period after spending his first eight seasons with the Tennessee Titans.
The veteran running back thrived in the Ravens’ offense, rushing for 1,921 yards and a league-high 16 rushing touchdowns. Henry was named Second-Team All-Pro.
Good deal for Ravens RB Derrick Henry. The cashflow …
• 2025: $14 million (fully guaranteed).
• 2026: $11 million (fully guaranteed).
• 2027: $12 million.Henry had one year and $7M left. So he gets $18M for the extra year, with the team getting an option year in 2027.
— Albert Breer (@AlbertBreer) May 14, 2025
NFL’s Highest-Paid Running Backs
Player
Team
Average Per Year
Saquon Barkley
PHI
$20,600,000
Christian McCaffrey
SF
$19,000,000
Derrick Henry
BAL
$15,000,000
Jonathan Taylor
IND
$14,000,000
Alvin Kamara
NO
$12,250,000
Josh Jacobs
GB
$12,000,000
Joe Mixon
HOU
$9,875,000
James Conner
ARI
$9,500,000
David Montgomery
DET
$9,125,000
Via overthecap.com
Henry’s average salary of $15 million per year makes him the third highest-paid running back in the NFL.
After a record-breaking year, Philadelphia’s Saquon Barkley became the first running back to cross $20 million annually ($20.6 million).
San Francisco’s Christian McCaffrey previously held the top spot at $19 million per year.
The next running back looking for a big extension is Buffalo’s James Cook, who wants to be paid around $20 million annually.
