The Washington Commanders and wide receiver Terry McLarin have agreed to terms on a three-year deal worth up to $71 million in new money, according to ESPN’s Adam Schefter. McLaurin’s three-year extension includes a $28 million signing bonus, the largest given to a wide receiver.
Additionally, McLaurin will receive $53.154M in total guarantees, according to NFL Network’s Ian Rapoport. He’ll get $34.6 million guaranteed at signing and another $12.5 million guaranteed March of 2023.
This new deal effectively ends his holdout that latest from OTAs through mandatory minicamp. McLaurin was set to enter the final year of his rookie contract this season at a salary of $2.79 million before the new deal was reached.
A 2019 third-round draft pick out of Ohio State, McLaurin has emerged as the Commanders’ best offensive player since his rookie year. He is coming off back-to-back 1,000-yard receiving seasons. In three seasons, he has 222 catches, 3,090 yards and 16 touchdowns catches. He’s led the team in receiving each year.
The new deal keeps him under contract through the 2025 season. He becomes the latest wide receiver to land a mega contract extension this offseason.
Davante Adams, Tyreek Hill, A.J. Brown, Cooper Kupp and Stefon Diggs were among the top wide receivers to get contract extensions. Hill, Adams and Brown were each traded to new teams in order to get their money. Hill tops the list making $30 million per season with the Miami Dolphins.
McLaurin’s reported annual average of $23.6 million will put him right behind Digg for 7th-highest among wide receivers.
Now the Commanders, McLaurin and team fans can breathe as No. 17 is under contract for the next four years. He’ll be able to come in for training camp and get much needed reps with his new quarterback Carson Wentz.
Locking in McLaurin sets the table for Washington to have a pretty formidable receivers group. That group also includes Curtis Samuel, Dyami Brown and this year’s first-round draft pick Jahan Dotson.
