The Ravens are drawing trade interest on Derrick Henry as the deadline approaches, according to Jason La Canfora, and at least one general manager believes Baltimore “could definitely get something” for the veteran running back.
The timing is what makes this worth watching. Baltimore sits at 4-4, Lamar Jackson and Tyler Huntley are done for the year, and Henry is headed toward free agency after the season at 32 years old. La Canfora’s read is that this could be the point where the Ravens consider moving on from him rather than holding a veteran back on a roster that is headed for a younger look.
The market, at least in the view of multiple executives who spoke to La Canfora, could be stronger than a simple rental deal. Several around the league think Henry might be worth a third-round pick in a trade. Even so, the prevailing belief is that Ravens general manager Eric DeCosta may be too stubborn to sell before the deadline.
There is also a practical reason Baltimore could use the extra draft capital. The Ravens already sent a 2028 second-round pick to acquire C Cam Jurgens, and with a younger roster shift looming, more picks would help.
Henry’s contract history has been a long one. He entered the league as a second-round pick by the Titans in 2016 out of Alabama, finished the final year of his four-year, $5.407 million rookie deal, and was on track for unrestricted free agency before Tennessee used the franchise tag on him.
He later signed a four-year, $50 million contract with the Titans in July 2020, a deal that included $25.5 million in guaranteed money. After finishing that contract and playing the 2024 season on a $10.5 million base salary, he reached free agency again and landed in Baltimore on a two-year, $16 million deal. The Ravens then gave him a two-year, $30 million extension ahead of the 2025 season, when he was set to earn a $6 million base salary.
On the field in 2026, Henry has played in eight games for Baltimore and has 158 carries for 632 yards, a 4.0 YPC average, and eight touchdowns. He has also added 12 receptions for 75 yards and a score.
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