The Philadelphia Eagles have locked their wide receiver DeVonta Smith to a new contract extension. Smith inked a three-year deal that will now keep him with the organization through the 2028 NFL season.
Smith, who was the 10th overall pick in 2021, had two more years left on his rookie deal. The Eagles confirmed the news on social media but didn’t disclose the financial terms of the agreement.
According to ESPN’s Adam Schefter, Smith’s extension is worth $75 million and comes with a $51 million guarantee. This makes Smith the fifth wideout in the league with an average annual salary of at least $25 million.
Since entering the league, Smith emerged as one of the best young receivers in the game. Throughout three seasons as a pro, the Heisman Trophy winner caught 240 passes for 3,178 yards and 19 touchdowns.
The Eagles are known to prioritize locking their key players to contracts early on, which is why they offered Smith a new deal even though they had two more years of control. The move will likely save Philly some money down the line, considering that the wide receiver market is heading toward reset with star wideouts like Minnesota Vikings’ Justin Jefferson and Cincinnati Bengals’ Ja’Marr Chase expected to land near-record deals soon.
