Jahmyr Gibbs Set to Earn Up to $15 Million with Detroit Lions Contract Extension
According to sources close to the situation, Jahmyr Gibbs is on the cusp of signing a three-year contract extension with the Detroit Lions that could make him the highest-paid running back in the NFL.
The Detroit Lions and Jahmyr Gibbs have made "substantial progress" on a deal, according to Jordan Schultz. While no contract has been signed or officially announced yet, the two sides are reportedly close to finalizing the agreement as early as Thursday.
This development comes on the heels of Bijan Robinson signing a new extension averaging $22.25 million per season. For Gibbs to surpass Robinson's annual value, Detroit's offer would need to exceed $22.25 million. Spotrac has projected Gibbs for a three-year, $68.5 million extension, which would average approximately $22.83 million per season.
The Lions are hoping to finalize the deal quickly, with the hope of getting Gibbs fully back onto the practice field. Gibbs has been limited in practice due to his contract status, but he has remained involved in meetings and workouts inside the facility.
Gibbs' return to practice could follow the completion of the contract extension. He participated in Thursday's walkthrough and stretching periods before working separately with a trainer. Gibbs also gave a thumbs-up when asked by Dave Birkett whether a contract was close, a gesture that now looks more meaningful.
The Lions are looking to reward Gibbs for his contributions to the team. With the contract extension reportedly worth up to $15 million, Gibbs would be one of the highest-paid players in the NFL. This deal would not only be a testament to Gibbs' talent but also a reflection of the team's commitment to keeping their star players.
While the exact value, guarantees, and signing bonus remain unknown, one thing is certain: the wait for a contract extension is almost over. The Lions and Gibbs are on the brink of a deal that could change the landscape of the NFL.
With the deal reportedly close, all eyes will be on the Lions and Gibbs as they finalize the agreement. Once complete, Gibbs is expected to return to practice, and the team can focus on the upcoming season. The Detroit Lions and Jahmyr Gibbs are on the cusp of a major breakthrough, and fans are eagerly awaiting the news.
Source: Yahoo Sports