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- The Washington Commanders have signed wide receiver Terry McLaurin to a long-term deal.
- The new deal is worth $71 million in new money, making him one of the highest-paid WRs in the NFL.
- McLaurin just cashed in on a $28 million signing bonus. WOW.
The Washington Commanders officially have their WR1 in town for the next four seasons, at least. After both sides went back and forth to work out a new deal, the Commanders and Terry McLaurin agreed to a new contract that makes him one of the highest-paid wide receivers in the NFL and includes $71 million in new money, according to Adam Schefter of ESPN.
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
That’s right, McLaurin is now among the NFL’s top-five-paid wide receivers in the NFL. Here is the list, per NBC Sports.
- Tyreek Hill, $30 million
- Davante Adams, $28.25 million
- DeAndre Hopkins, $27.25 million
- Stefon Diggs, $26 million
- AJ Brown, $25 million
That is terrific company for McLaurin to be in, even though he isn’t — at least not yet — on the same pedigree as the players on that list.
Nonetheless, new Commanders QB Carson Wentz has his WR1 locked in and that should bring a smile to his face as he tries to turn around his career in yet another uniform.
Terry McLaurin Also Receives A Massive Signing Bonus
Now, the signing bonus is another part of the contract, and who knows what the Commanders are thinking.
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
So, a $28 million signing bonus — the largest ever given to a WR. More than that, nearly 80% of his deal is guaranteed, so the Commanders went all-out to ensure that McLaurin is in the nation’s capital (or somewhere else if they do move to a new location, as previously reported).
After McLaurin skipped minicamps and had everybody buzzing, the Commanders knew they needed to push all of their chips in. And they did.