Wide receiver DeVonta Smith agrees to $75M contract extension with the Philadelphia Eagles

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The Philadelphia Eagles announced Monday that they’ve exercised the fifth-year option on wide receiver DeVonta Smith’s rookie contract, who agreed to a three-year contract extension. The Eagles posted on its social media pages: “Happy Monday Eagles fans ‼ We’ve exercised the fifth-year option on WR @DeVontaSmith_6 and have agreed to terms on a 3-year contract extension through 2028. @Toyota | #FlyEaglesFly”

According to NFL Network’s Ian Rapoport, the extension is worth $75 million with $51 million guaranteed. Smith’s deal with the Eagles works out to a four-year, $90.5 million agreement, including the fifth-year option  Smith’s agent, Kelton Crenshaw, confirmed the news of the deal as well.

Smith, 25, came off a Heisman Trophy-winning season and two national championships at Alabama to be drafted 10th overall by the Eagles in 2021.  Smith logged 81 catches for 1,066 yards and seven touchdowns over 16 starts last season, and set a team record as a rookie with 916 receiving yards. Additionally, his 95 receptions for 1,196 yards and seven scores in 17 starts in 2022-23 were also the most by a wide receiver in franchise history (until A.J. Brown surpassed him the following season with 106). Throughout his career, Smith has 240 catches for 3,178 yards and 19 touchdowns in three seasons.

Smith is to make $15.5 million in 2025 under the terms of his rookie option. He will then be paid an average of $25 million per season from 2026 through 2028.

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