Terry McLaurin is about to get paid.
The Washington Commanders locked up their top receiver with a monster three-year extension worth up to $71 million.
ESPN’s Adam Schefter was first to report the deal, which includes a $28 million signing bonus – the largest ever given to a wide receiver.
The contract puts McLaurin in the top five salary earners for wideouts and includes 76.4% guaranteed new money.
Commanders’ Terry McLaurin is signing a 3-year extension worth up to $71 million in new money that places him amongst the NFL’s top-five highest-paid WRs, sources tell ESPN. Buddy Baker and Tony Bonagura of Exclusive Sports Group finalized deal today w/ Washington SVP Rob Rogers. pic.twitter.com/9O6nxXzNXd
— Adam Schefter (@AdamSchefter) June 28, 2022
From Question Mark to Upper Echelon
There was worry that the Commanders and McLaurin were far apart in negotiations, leading to the receiver skipping OTAs and minicamp in May and June.
Head coach Ron Rivera remained steadfast in his belief that McLaurin would stay in a Washington uniform, and any worries have been put to rest with McLaurin now secured until 2025.
McLaurin joins a growing list of receivers to cash in this offseason. Earlier this year, Davante Adams bolted from Green Bay, signing a five-year $142 million deal with the Las Vegas Raiders.
Tyreek Hill and A.J. Brown also signed colossal contracts with the Miami Dolphins (four years, $120 million) and Philadelphia Eagles (four years, $100 million).
Other notables include the Buffalo Bills’ Stefon Diggs (four years, $96 million), the Los Angeles Rams’ Cooper Kupp (three years, $80.1 million), and the Carolina Panthers’ D.J. Moore (three years, $61.9 million).
McLaurin Putting Up Big Numbers Despite Quarterback Carousel
The third-round pick has been putting up first-round numbers since being drafted 76th overall in 2019. McLaurin burst onto the scene as a rookie, snagging 58 catches for 919 yards and seven touchdowns.
He followed that with consecutive 1,000-yard seasons in 2020 (1,118) and 2021 (1,053). He’s done all this with a whopping eight starting quarterbacks in three years.
The Commanders are banking on new QB Carson Wentz to add some stability to the position, with the hope that McLaurin will finally be able to build a rapport with a consistent pivot.
In his career, McLaurin has racked up 222 receptions, 3,090 yards, 16 TDs, and has a 62% catch rate. The receiver will turn 27 in September.
Terry McLaurin Odds For Most Regular Season Receiving Yards
With so many star wide receivers in the league, McLaurin gets pushed down the odds boards for most regular season receiving yards. The usual suspects are at the top, including Cooper Kupp, Justin Jefferson, and Ja’Marr Chase.
Those players posted more receiving yards than McLaurin last season, but there may be some value on McLaurin at a price as high as 50-to-1.
|Cooper Kupp, LAR||+850||+700||+900||+800|
|Justin Jefferson, MIN||+900||+800||+900||+1000|
|Ja'Marr Chase, CIN||+1200||+1000||+1200||+1200|
|CeeDee Lamb, DAL||+1200||+1400||+1400||+1600|
|Davante Adams, GB||+1200||+1200||+1200||+1100|
|Terry McLaurin, WAS||+5000||+4000||+6600||+5000|
AP Photo/Bill Kostroun