The team agreed with the veteran running back on a two-year, $30 million contract, agent Todd France told ESPN's Adam Schefter. Henry, 31, signed a two-year, $16 million contract with the Baltimore Ravens ahead of the 2024 season, which at the time ranked him in a tie for 11th place in average annual value among running backs.

Henry's new deal, which ties him to Baltimore through the 2027 season, includes $25 million fully guaranteed over the next two years, his agent, Todd France, told ESPN. It also marks the NFL's most lucrative contract for a running back over the age of 30; Henry just turned 31 this January.

The Baltimore Ravens have agreed to a two-year contract extension with star running back Derrick Henry. The deal is worth $30 million — $25 million guaranteed.