Detroit Lions quarterback Matthew Stafford agreed to a three-year extension that will have him stay with the team through 2017.
According to Dave Birkett of the Detroit Free Press, the agreement upped his deal to five years worth $76 million, making Stafford one of the highest-paid players in the NFL. Stafford was slated to make $12.5 million in the 2013 season with a $20.8-million cap charge, per Birkett.
Stafford had two years and $23.5 million remaining on his previous deal and is now primed to receive around $41.5 million in guaranteed money.
Fox Sports Detroit’s Dave Dye notes Stafford is the latest top-notch quarterback to sign an extension, the others being Joe Flacco of the Baltimore Ravens, Tony Romo of the Dallas Cowboys, Aaron Rodgers of the Green Bay Packers and Tom Brady of the New England Patriots.
Dye also argues the new deal makes sense for both the Lions and Stafford, the No. 1 overall pick out of Georgia in the 2009 NFL draft. The development gives Detroit additional cap space of as much as $5 million in each of the next two seasons which could potentially allow the team to dangle an extension to defensive tackle Ndamukong Suh.
Stafford could be due for another mega-deal as soon as the new contract is up in 2017, Dye writes.
The 25-year-old quarterback owns single-season records for passing yards, touchdowns, completions and attempts. He, together with Brady, Drew Brees and Dan Marino are the only quarterbacks to top 5,000 yards in a single NFL season.
Prior to the new contract extension, Stafford mentioned several times during the offseason he wanted to remain a Detroit Lion for the rest of his career, per Birkett.