The New Orleans Saints have agreed to a four-year contract extension with wide receiver Chris Olave worth $132 million, according to the report. The deal includes $90 million guaranteed and comes after Olave's training camp hold-in drew attention to his contract situation.
With the new agreement, Olave moves into the top tier of NFL receiver pay. The reported terms make him one of the league's highest-paid wideouts, a major investment by the Saints in one of their top offensive players.
The extension also sets a new benchmark for the franchise. According to the description of the deal, Olave's contract surpasses the record agreement Michael Thomas signed with New Orleans in 2019, giving the Saints a new biggest receiver deal in team history.
For New Orleans, the move appears to settle a key offseason storyline before the season gets underway. Locking up Olave on a long-term contract gives the Saints stability at a premium position and removes uncertainty that had lingered during training camp.
