Buccaneers wide receiver Mike Evans has agreed to a five-year, $82.5MM extension that includes $55MM in overall guarantees, sources tell ESPN.com’s Adam Schefter (on Twitter). Evans is now under contract with the Bucs through the 2023 season. The deal also includes incentives that can push the deal’s overall value to nearly $96MM, according to CBSSports.com’s Jason La Canfora. Evans gets $38.3MM in full guarantees at signing, per The MMQB’s Albert Breer (Twitter link).
Before the deal, Evans was slated to reach the open market after the 2018 season. The new deal ensures that Evans will be part of the team for years to come while also making him one of the league’s highest-paid players at his position.
We’ll have to wait for the complete breakdown of the contract before stacking it up against the league’s other top-paid WRs, but here’s what we do know: Evans is now second amongst all receivers in terms of average annual value, trailing only Antonio Brown ($17MM/year). In terms of total value, Evans is the new king with a deal that just edges DeAndre Hopkins‘ five-year, $81MM deal with the Texans from last summer.
According to La Canfora, Evans will get $55MM in injury guarantees, which bests Calvin Johnson‘s deal to become a new all-time high for WRs. He also has $38.3MM in guarantees over the first two years, per JLC. The deal includes a $1.5MM bonus in the final year that will force the Bucs to decide on his future prior to the start of the 2023 season.
Of course, the deal bodes well for other wide receivers waiting for their paydays, including Giants superstar Odell Beckham Jr. ODB is reportedly seeking a deal in excess of $100MM and he is expected to top Evans despite missing the bulk of the 2017 season.
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