Falcons, Julio Jones reportedly agree to massive five-year extension

The Atlanta Falcons and Julio Jones reportedly have come to an agreement on a five-year contract extension, first reported by MMQB's Peter King.

ESPN's Chris Mortensen reported the financial terms first — five years, $71.25 million, with $47 million of it guaranteed. Those numbers exceed the deals signed by franchise-tagged receivers Dez Bryant (five years, $70M, $45 guaranteed) and Demaryius Thomas (five years, $70M, $43.5M) earlier this summer.

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That would make Jones the second-highest paid receiver in the NFL behind the Detroit Lions' Calvin Johnson in terms of guaranteed money and average salary per year.

Jones has been injury-prone over his four-year career, missing 15 of 64 regular-season games. But he's the active NFL leader — over even Johnson — at 88.4 receiving yards per game. Last season was Jones' best, catching 104 passes for 1,593 yards and six touchdowns in 15 games.

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Jones had been scheduled to enter free agency, or be subject to the franchise tag, after the 2015 regular season.

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Eric Edholm is a writer for Shutdown Corner on Yahoo Sports. Have a tip? Email him at edholm@yahoo-inc.com or follow him on Twitter! Follow @Eric_Edholm