The long-anticipated new deal between the Raiders and tight end Darren Waller has been finalized. Waller is signing a three-year extension which includes $51MM in new money, reports ESPN’s Adam Schefter (Twitter link).
The Pro Bowler had two years remaining on his existing deal, but for months has been considered a prime extension candidate. He was set to earn $7MM in non-guaranteed money this season and next, and will likely now have considerable security. In all, he is tied to the Raiders for the next five years at a total cost of $66.25MM.
That $13.25MM-per-year overall average will move Waller into sixth in the league in terms of overall compensation at the position. The tight end market was altered this offseason by David Njoku‘s deal with the Browns, one which Waller was expected to eclipse in value. His age (30 next week) and injury history, on the other hand, represented a potential disincentive on the Raiders’ part to make a commitment such as this.
The possibility of Las Vegas – now lead by general manager Dave Ziegler – waiting one more year to finalize an extension seemed quite real earlier this summer. That would have come as a notable decision, given the team’s substantial investments made earlier this offseason in Derek Carr, Davante Adams and Hunter Renfrow. Things began to change once Waller took steps to accelerate the negotiating process.
More to come…