SEATTLE — Wide receiver Jaxon Smith-Njigba and the Seattle Seahawks have reached agreement on a massive four-year contract extension valued at $168.8 million, with $120 million in guaranteed money, according to a source familiar with the negotiations who spoke to The Associated Press on Monday.
The source requested anonymity since the contract, which would establish Smith-Njigba as the NFL’s top-paid wide receiver, has not yet been officially completed.
The 24-year-old receiver broke franchise records last season with 1,793 receiving yards and 119 catches, earning him the AP NFL Offensive Player of the Year honor.
Smith-Njigba will remain with Seattle through the 2031 campaign. The team had already picked up the fifth-year option on his rookie deal last week.
The massive contract tops the previous record held by Cincinnati’s Ja’Marr Chase, who inked a $161 million extension with $112 million guaranteed last March.
During the regular season, Smith-Njigba recorded nine games with over 100 receiving yards and played a crucial role in Seattle capturing its second Super Bowl title in team history. His performance in the NFC championship victory over Los Angeles was particularly impressive, hauling in 10 passes for 153 yards and one touchdown in the 31-27 triumph.
Throughout his professional career, Smith-Njigba has accumulated 282 catches for 3,551 yards and 20 touchdowns.
