The New Orleans Saints are signing wide receiver Chris Olave to a four-year extension worth up to $132 million, according to a report from ESPN. The deal includes $90 million guaranteed, based on information provided by his agents, Drew Rosenhaus and Jason Rosenhaus.

The agreement highlights how highly the Saints value Olave as a key part of their offense. A contract with that level of total value and guaranteed money signals a major long-term commitment from the team.

ESPN reported the news through NFL insider Adam Schefter after speaking with Olave’s agents. While full contract details were not included in the initial report, the headline numbers make this one of the notable wide receiver deals to draw attention around the league.

For New Orleans, locking in Chris Olave on a new four-year extension provides stability at an important position and keeps a prominent playmaker tied to the franchise for the years ahead.