Lions ink Calvin Johnson to seven-year deal worth $132M
The Lions locked up Calvin Johnson for a long time, signing Megatron to a seven-year extension that will keep him with the team through 2019.
|Megatron got straight PAID. (Getty Images)|
The Lions desperately needed a long-term deal that would lock down Calvin Johnson and lower his salary cap number and on Wednesday the team announced they'd met their goal, signing Megatron to a seven-year extension that will keep him on the roster through 2019.
According to Adam Schefter of ESPN, Mega's deal will be worth $132 million over the course of the extension with an NFL-record $60 million in guaranteed money.
Johnson was scheduled to have a cap number of $22.5 million in 2012, the final year of his contract, because of escalators that he reached in his rookie contract. That was an absolutely untenable number for the Lions, who had over 50 percent of their cap committed to four players -- Mega, Matthew Stafford, Cliff Avril and Ndamukong Suh -- for the coming year.
Speaking of Stafford, he sounds pretty excited about the deal.
And by "couldn't happen to a better guy" what Stafford means is "I'm going to throw it deep 5,000 times next year."
Congrats to @Bigplaycj and the lions. Couldn't happen to a better guy! Glad to have him back for a while!— Matthew Stafford (@Staff_9) March 14, 2012
According to Tim Twentyman of DetroitLions.com, the Megatron signing will save the Lions $9 million in cap space in 2012. That's a huge deal. Not like Megatron huge, but huge nonetheless.
The team will hold a press conference at 1 p.m ET.
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