PHILADELPHIA — The Eagles and Devonta Smith have agreed to a three-year extension that ties the wide receiver to the team through the 2028 season.
Terms were not disclosed, but a source told ESPN's Adam Schefter that the deal was worth $75 million, with $51 million guaranteed.
The team also exercised Smith's fifth-year option, which would have paid Smith about $16 million in salary for the 2025 campaign.
Smith became the fifth receiver in the NFL with a contract averaging $25 million or more per season, behind Miami Dolphins' Tyreek Hill ($30 million), Las Vegas Raiders' Davante Adams ($28 million), Los Angeles Rams' Cooper Kupp ($26.7 million) and Smith's teammate AJ Brown. ($25 million).
Smith and Brown became the first receiver tandem in Eagles history to reach 1,000 yards in 2022 and repeated the feat last season. Along with quarterback Jalen Hurts, they have helped fuel an offense that ranks fifth in points per game (26.8) over the past two seasons and have formed a strong bond during that time.
Smith, 25, has 240 catches for 3,178 yards and 19 touchdowns in three seasons with the Eagles. The former Heisman Trophy winner set the team rookie record for single-season receptions (95) yards (916) in 2021, surpassing Deason Jackson's previous record in 2021. 2023 for the second year in a row.
Known as a big-play player during his days at Alabama, Smith has saved some of his best work for the postseason. He had eight grabs for 148 yards in a wild-card loss to the Tampa Bay Buccaneers in January and became the third Eagles player with 100-plus receiving yards in the Super Bowl with his seven-catch, 100-yard performance against the Kansas City Chiefs. Super Bowl LVII.
The Eagles exercised Smith's fifth-year option until May 2. They had plenty of time to secure a contract extension, but have a history of locking up fountainhead players as soon as possible because they know the price tag will only go up. With several high-profile receivers eligible for new contracts, including the Minnesota Vikings' Justin Jefferson and the Cincinnati Bengals' Ja'Mar Chase, there's a good chance the market will reset soon.
Philadelphia has been busy paying key players on offense this offseason. Guard Landon Dickerson signed a record-breaking four-year, $84 million extension in March and Jordan Mailata signed a three-year, $66 million contract earlier this month.
