Hamilton's new deal includes $82 million injury guaranteed, $48 million fully guaranteed, and a $26.9 million signing bonus.
The All-Pro safety will average $25.1 million per year, keeping him in Baltimore through the 2030 season.
It is also the largest non-quarterback deal in the history of the Ravens' franchise.
The 24-year-old Hamilton was originally selected by the Baltimore Ravens with the 14th overall pick in the 2022 NFL Draft. In just his three years in the NFL, Hamilton has become a two-time All-Pro and two-time Pro Bowler, following a 2024 season in which he was also a candidate for Defensive Player of the Year.
Hamilton set a career high with 107 tackles last season (12th among safeties) and six quarterback hits, along with nine pass deflections, one interception, two forced fumbles, and two sacks.
The All-Pro was top five across the board in every grade for safeties last year: third in pass rush (89.0), third in run defence (89.4), fifth in coverage (87.9), and third overall (90.1).
In 2023, Hamilton posted a career-high four interceptions with 18 pass deflections, making First-Team All-Pro. However, his overall production in 2024 showed more than what the stat sheets prove, eventually ending with a Second-Team All-Pro selection.