Report: Washington WR Terry McLaurin reaches 3-year, $71 million extension

The wait is over, and Terry McLaurin is getting paid.

McLaurin and the Washington Commanders agreed to a three-year, $71 million contract extension on Tuesday, according to ESPN’s Adam Schefter. That deal makes him one of the highest-paid wide receivers in the league.

McLaurin has been angling for a new long-term deal all offseason. He skipped the team’s mandatory minicamp earlier this month as a negotiating tactic, and was set to earn less than $3 million in his base salary this season to end his rookie deal.

He recorded 1,053 yards and five touchdowns on 77 receptions last season in Washington, his third with the team after the Commanders took him with the No. 76 overall pick in 2019. It marked McLaurin's second straight season with at least 1,000 receiving yards, following the 1,118 yards he had in 2020.

McLaurin’s new deal includes a $28 million signing bonus, which per Schefter is the largest given to a wide receiver. The 26-year-old will now be in Washington through the 2025 season. Just more than 75% of his deal is guaranteed, per the report, and he’s set to earn just more than $23 million per season. By comparison, Miami Dolphins star Tyreek Hill will make $30 million per season as the highest paid receiver in the league.