The Baltimore Ravens have made their position clear on Derrick Henry.
Despite a four-game losing streak, a 4-5 record and a quarterback room that has been turned upside down by injuries, Baltimore is not expected to trade Henry before the Nov. 10 deadline. The team has already told the veteran running back that it has no intention of moving him.
That decision says a lot about where the Ravens believe this season still stands.
They are not waving the white flag.
The Ravens Are Keeping Derrick Henry
ESPN’s Adam Schefter reported Saturday that Baltimore is not expected to deal Henry and recently informed him directly that he is part of the plan moving forward.
Henry made it clear after Thursday night’s 33-10 loss to Jacksonville that he is thinking the same way.
He said he has not talked about going anywhere else and that his focus is on getting back to work and trying to turn the season around.
That matters because there were obvious reasons for speculation.
The Ravens have lost four straight. Lamar Jackson is on injured reserve after thumb surgery. Tyler Huntley is out for the season. Baltimore has slipped to last place in the AFC North.
A team in that position could easily decide to sell.
Baltimore is choosing not to.
Keeping Henry Is a Statement About the Season
This is not just about one player.
Keeping Henry is a statement about what the Ravens still think is possible.
Baltimore just traded for Jacoby Brissett, another clear sign that the front office has not given up on the season. Moving Henry immediately after making that move would send the opposite message.
If the Ravens truly believed 2026 was lost, Henry would be one of the most obvious veterans to shop.
He is 32 years old, still productive and under contract through 2027. A contender looking for a power back would absolutely call.
Henry has rushed for 689 yards and eight touchdowns through nine games, while leading the NFL with 175 carries.
He still has value.
That is exactly why Baltimore keeping him matters.
The Recent Numbers Have Not Been Pretty
There is another side to this story.
Henry’s production has slowed considerably during Baltimore’s losing streak.
Through the first five games of the season, he rushed for 476 yards and seven touchdowns while averaging 4.2 yards per carry.
Over the last four games, he has managed 213 rushing yards, one touchdown and just 3.4 yards per attempt.
He has not topped 60 rushing yards in any of those four games.
That is not entirely on Henry.
The Ravens have been playing from behind too often. The offensive line has been inconsistent. The quarterback injuries have made the entire offense easier to defend.
But if Baltimore is going to justify keeping Henry, it has to find a way to make him the centerpiece again.
Brissett Could Help Restore the Run Game
The arrival of Jacoby Brissett should help.
Baltimore cannot ask Brissett to replace Lamar Jackson’s explosiveness. What he can do is stabilize the offense enough to make the running game functional again.
If the Ravens can stay out of obvious passing situations, Henry becomes much more dangerous.
That means better early-down efficiency.
Fewer negative plays.
More manageable third downs.
And fewer game scripts where Baltimore is chasing two scores in the second half.
The easiest way to help a new quarterback is to give him a legitimate run game.
The easiest way to justify keeping Henry is to actually lean on him.

Baltimore’s Schedule Still Gives It a Chance
The Ravens’ record is ugly, but the season is not mathematically dead.
Baltimore gets a mini-bye after Thursday night’s loss, then has a stretch of four straight games against opponents that currently have losing records before finishing with a run of AFC North games.
That is the argument for holding the roster together.
If the Ravens can stabilize the quarterback position and get healthier, the schedule gives them a window to climb back into the race.
It is not a comfortable path.
It is still a path.
Trading Henry Would Have Sent the Opposite Message
Moving Henry would have been understandable.
Baltimore could have added draft capital, reduced future financial commitments and accepted that 2026 had gone too far off course.
But that would have been a reset move.
The Ravens clearly do not view themselves as a reset team.
They still have veteran talent on both sides of the ball.
They still expect Jackson back at some point.
They still believe they can recover enough to make the second half of the season meaningful.
Keeping Henry aligns with that belief.
The Risk Is Obvious
There is risk here.
If Baltimore keeps losing, the opportunity to turn Henry into future assets disappears.
If Jackson does not return quickly enough, the offense may remain limited regardless of who is playing running back.
And if the Ravens reach December already eliminated, this decision will look much more questionable in hindsight.
That is the gamble.
But the Ravens are choosing to make it.

The Ravens Still Believe
Baltimore is 4-5.
It has lost four straight.
Its franchise quarterback is on injured reserve.
Its backup quarterback is out for the year.
And yet the Ravens are keeping Derrick Henry.
That tells us exactly how the organization views the next two months.
Baltimore is not rebuilding.
It is not selling.
It is betting that this season can still be saved.
Now the Ravens have to prove that belief is justified.
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