Washington Commander wide receiver Terry McLaurin signs a three-year extension worth up to $ 71 million in new money that places him among the NFL’s five highest paid WRs, sources told ESPN.
Agents Buddy Baker and Tony Bonagura of the Exclusive Sports Group completed the deal on Tuesday with Washington’s senior vice president of football operations, Rob Rogers.
The three-year extension for McLaurin includes a $ 28 million signing bonus, the largest given to a wide recipient, and has also guaranteed 76.4% of the new money in the deal.
The agreement binds McLaurin (26) contractually to Washington through the 2025 season. McLaurin’s rookie contract had been set to expire after the 2022 season.
He had skipped the three weeks of volunteer OTAs as well as the team’s mandatory three-day minicamp. The agreement ends what would have been a headache for a franchise that did not need another. McLaurin’s popularity both in the locker room as a leader and among the fans would have resulted in more dissatisfaction directed at the Commanders.
Washington coach Ron Rivera said on June 15 that they started having more conversations about a week earlier. A source told ESPN’s John Keim that Rivera reached out to McLaurin – not to negotiate, but to reiterate his importance to the organization. Washington did not waver over the desire to sign McLaurin and did not consider changing him.
McLaurin’s contract is the latest in a wide receiver market that has exploded this offseason. Davante Adams (five years, $ 142 million), Tyreek Hill (four years, $ 120 million) and AJ Brown (four years, $ 100 million) each signed deals worth at least $ 100 million. Other wide-ranging recipients to sign major contracts include Stefon Diggs (four years, $ 96 million), Cooper Kupp (three years, $ 80.1 million), Mike Williams (three years, $ 60 million) and Chris Godwin (three years, $ 60 million).
McLaurin surpassed 1,000 yards in two of his first three seasons after being selected in the third round of the 2019 draft despite playing with nine different starting quarterbacks. He caught 77 passes for 1,053 yards and five goals last season after taking 87 for 1,118 yards and four touchdowns last season. He finished with 919 receiving yards as a rookie. He has only missed three games in his career.