John Harbaugh said Tuesday that the Baltimore Ravens will pick up Lamar Jackson's fifth-year option before Monday's deadline.

"Guarantee it," Harbaugh said on The Rich Eisen Show.

Jackson will make a guaranteed $23.1 million in 2022, a significant raise from his $1.7 million salary this season.

By exercising Jackson's option, the Ravens will squash the speculation that the team will allow Jackson to "graduate" after four seasons. A report recently suggested the Ravens could trade up to draft a quarterback this week and move on from Jackson before his heightened salary-cap hit limits Baltimore's spending.