Terry McLaurin has signed a 3-year extension with the Washington Commanders that is worth up to $71 million in new money per Adam Schefter. This locks up their #1 priority for an extension, and pays a team captain for exceeding his 3rd round draft status to lead Washington on and off the field.
Terry McLaurin's contract status has been hanging over Washington's head all off season. The market for WRs exploded this year as $20m/year was quickly made the minimum for a WR1. McLaurin reportedly stopped attending all team functions after the Philadelphia Eagles made a big draft day trade for Tennessee Titans WR AJ Brown and gave him a 4 year, $100 million extension.
Terry McLaurin continued his holdout through 3 weeks of OTAs and the team's mandatory mini-camp while he worked out on his own. There were never any reports that negotiations were in danger of collapsing, but the last report put the two sides far apart.
This contract extension is the best news from an otherwise uninspiring offseason that has seen far more news come from the unofficially suspended owner than the football team he oversees.
The new three-year extension for Terry McLaurin includes a $28 million signing bonus, the largest given to any wide receiver, and also has 76.4 percent of the new money in deal guaranteed. The deal contractually ties the 26-year-old McLaurin to Washington through the 2025 season.— Adam Schefter (@AdamSchefter) June 28, 2022
More details:— Ian Rapoport (@RapSheet) June 28, 2022
Total guarantee: $53.154M
Full guarantee at signing: $34.6M
Another $12.5M guaranteed in March of 2023.
Signing bonus: $28M
Roster bonuses at the start of each league year.
$250K escalators each year except for the last year based on Pro Bowl nods. https://t.co/lBLJVrpX2d