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.

The extension surpasses the deal Henry originally agreed to during the 2024 offseason, a two-year, $16 million pact that included $9 million guaranteed, and makes him the recipient of the richest contract awarded to a running back over the age of 30.

The Baltimore Ravens made a massive move to secure the services of star running back Derrick Henry for two more years. Henry has been awarded a huge extension, which is also a record for a running back over the age of 30 years old.