What does Jaire Alexander’s market-setting extension mean for AJ Terrell and the Falcons?

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Jaire Alexander is now the highest-paid cornerback in football. According to Ian Rapoport, the Packers and Alexander agreed to a market-setting extension worth $84 million over four years.

The Falcons recently extended Grady Jarrett and Jake Matthews, but there are still those on rookie contracts who will need extensions soon as well. Chris Lindstrom will eventually be paid after Atlanta picked up his fifth-year option, and AJ Terrell will be eligible for an extension the following year.

Terrell enjoyed quite the breakout campaign in 2021 and was predictably rewarded with All-Pro honors, even if he was snubbed from the Pro Bowl. After Alexander and Denzel Ward’s extensions, Terrell is undoubtedly licking his lips at the thought of resetting the market.

The trail of receivers Terrell has left in his wake is quite impressive and warrants that kind of money — holding Deebo SamuelJaylen Waddle, and Corey Davis to 0 yards in their respective matchups. Moreover, he only surrendered 19 yards to Michael Gallup and 24 yards to Stefon Diggs, who is undoubtedly one of the best receivers in the game.

Ward’s deal is worth $100.5 million over five years with $71.25 million guaranteed, which eclipses Jalen Ramsey‘s $100 million and Marshon Lattimore‘s $97.6 million as the largest total value for a corner in league history. Ward’s extension also exceeds Ramsey’s record-breaking average annual value of $20 million with a $20.1 million AAV. Finally, Ward’s guaranteed money tops Ramsey’s $71.2 million. Locking down Terrell isn’t going to be cheap.

Details of Alexander’s extension haven’t been released, but I’d expect the Louisville product will top the figures of Ward’s deal. The Falcons will be trying to complete this new contract with Terrell as soon as possible, especially considering Dallas will be looking to do the same with Trevon Diggs. The freehanded Cowboys will surely attempt to make a statement with Diggs’ extension. Let’s hope for Terry Fontenot’s sake; he gets there first with Terrell.

Photographer: David John Griffin/Icon Sportswire

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