The Baltimore Ravens announced they signed wide receiver Rashod Bateman to a three-year, $36.75 million extension with $20 million guaranteed.

A year ago, Bateman signed a two-year, $12.8 million extension after not qualifying for his fifth-year option. After the 2024 season, which saw Bateman record career-highs in almost every statistic, he earned a larger paycheck.

“Feeling incredibly grateful today,” Bateman said on X. “Baltimore believed in me from the start, and this extension means a lot.”

Bateman finished the 2024 season with 756 yards and nine touchdowns. Bateman and Zay Flowers have combined to be the top receiver options for Baltimore, and arguably the franchise’s best receiving duo in decades.

Bateman, 21, before last season had a reputation for being a disappointing draft pick. Through three seasons, he had failed to surpass 520 receiving yards in a season and hadn’t played a full 17 games.

Now he is one of Lamar Jackson’s most reliable targets.

“It’s kind of how this league works. You get paid if you’re doing the right things on and off the field, and it’s a respect thing,” Bateman said. “It’s showing that the organization believes in me.

The Ravens are coming off a 12-5 season in which the offense averaged over 30 points per game. With Bateman locked up for the future, the offense is likely to continue thriving.