Matthew Stafford has agreed to a massive five-year deal with the Detroit Lions that will make him the highest-paid player in NFL history.
According to ESPN, the 29-year-old agreed to the deal on Monday night (Aug. 28), valued at an annual average of $27 million, putting him ahead of Oakland Raiders quarterback Derek Carr’s $25 million annually that he signed last month.
Sources say Stafford’s deal includes a record $92 million guarantee, including a $50 million signing bonus. The previous record for guaranteed money was $87 million for Andrew Luck of the Indianapolis Colts.
Further terms include: a guaranteed $60.5 million at signing and $86 million by the start of Year 2 of the contract, which starts next March, with the full $92 million guaranteed upon Year 3.
Sure, the deal is huge, but Stafford has already done very well. In his first eight seasons with the Lions, he’s made over $110.7 million.
Stafford was the No. 1 overall draft in 2009, out of Georgia. Since signing with the team, he’s started 109 games and compiled a 51-58 record. He’s also already a top-50 quarterback in NFL history… statistically, ranking No. 39 in completions, No. 47 in attempts, No. 44 in yards, No. 49 in touchdowns and No. 23 in passer rating.