Ian Rapoport broke the news that the Cowboys and cornerback Trevon Diggs have agreed to terms on a five-year extension, worth $97 million, setting the stage for a Falcons deal with A.J. Terrell.
The #Cowboys and rising star CB Trevon Diggs have agreed to terms on a 5-year contract extension worth $97M as he becomes one of the highest paid CBs in the NFL, sources say. He gets a max value of $104M.
The Pro Bowler and All-Pro now will stay in Dallas for the long-term. pic.twitter.com/PecrY4dIlJ
— Ian Rapoport (@RapSheet) July 25, 2023
After making Chris Lindstrom the highest-paid guard in football this offseason, the Falcons are gearing up for a similarly lucrative extension for Terrell, which Atlanta’s GM Terry Fontenot has eluded to.
I’m actually a bit surprised Diggs didn’t reset the cornerback market. Not that I believe the Alabama product is the best player at his position, but because that’s how NFL contract negotiations work, and Jerry Jones is not one to pinch pennies. Regardless, it’s good news for the Falcons.
Terrell enjoyed a breakout campaign in 2021 and was predictably rewarded with All-Pro honors, but his play dipped in 2022. Still, he’s among the best players at his position and is in line for quite a lucrative contract.
Jaire Alexander and Denzel Ward have both set and reset the market. The latter’s deal is worth $100.5 million over five years with $71.25 million guaranteed, which eclipsed Jalen Ramsey‘s $100 million as the largest total value.
Ward’s extension also exceeded Ramsey’s record-breaking average annual value of $20 million with a $20.1 million AAV, but Alexander’s more recent deal eclipsed that mark at $21 million per year. Locking down Terrell isn’t going to be cheap.
However, in light of Diggs’ recent deal, it might not be as expensive as originally thought. The Cowboys, who are usually freehanded, only handed him $19.4 million per year, which matches Marshon Lattimore‘s AAV, tied for the fifth-highest in the league.
Based on that, I would expect the Falcons and Terrell to settle somewhere between $19-20 million per season but not top Alexander’s $21 million mark. However, the club didn’t haggle with Chris Lindstrom, making him the highest-paid guard by total value, average per year, total guaranteed, and fully guaranteed.
The club wants to reward its own guys, and A.J. Terrell is going to be a pillar of this franchise, so I wouldn’t be shocked if he did eclipse $20 million per year and even flirt with resetting the market.
Photographer: David J. Griffin/Icon Sportswire