A recent report indicated the Eagles were nearing an agreement with DeVonta Smith, and the parties have indeed worked out an extension. The fourth-year receiver has a lucrative second contract in place.
Smith has landed a three-year, $75M extension, Ian Rapoport of NFL Network reports. He adds that the pact — which the team has since announced — includes $51M guaranteed.
Smith will now be under contract through 2028 as a result of this agreement, the first agreed to with a former first-rounder still under team control for two more years.
The 25-year-old’s fifth-year option (valued at $15.59M) has been exercised, Rapoport notes. That comes as no surprise, but the fact that the decision would have left the Eagles with plenty of time to negotiate meant the team did not face much urgency concerning hammering out an agreement.
Despite that, optimism was high as of last week that a pact could be worked out in short order. That has proven to be the case, and a key member of Philadelphia’s offense is now on the books for the foreseeable future.
The Eagles, of course, have several lucrative deals already in place on offense. That group (which features the likes of quarterback Jalen Hurts, guard Landon Dickerson and left tackle Jordan Mailata) also includes wideout A.J. Brown.
The latter has operated as Philadelphia’s No. 1 wideout since his arrival, which was accompanied by a four-year, $100M deal. Smith’s extension carries an identical annual average value — and, when factoring in the fifth-year option, he is in line to receive just over $90M from 2025-28.
While Smith has not matched Brown’s production to date, the former Heisman winner has been a key cog in the Eagles’ passing attack. He also profiles as one of the ascending receivers due to landing massive extensions in the immediate future.
Philadelphia has gotten ahead of teams like the Vikings (Justin Jefferson), Cowboys (CeeDee Lamb), Bengals (Tee Higgins) and 49ers (Brandon Aiyuk) in working out the next big-money deal at the position.
For now, Smith will move into a tie for fourth in the league in terms of AAV amongst receivers. Each of the other four pass-catchers is due a new deal soon, though, and they could surpass that figure as the cap continues to rise.
Smith had a strong season as a rookie, recording 916 yards and five touchdowns. Brown’s arrival did not lead to a drop-off in production for the Alabama product; rather, Smith has taken a step forward with 95- and 81-catch campaigns over the past two years. He has posted over 1,000 yards in both cases, scoring seven touchdowns each time. After facing concerns about his frame entering the league, Smith has missed just one game to date.
The 2024 season will see Kellen Moore take over as the Eagles offensive coordinator. Philadelphia’s offense took a step back during the team’s late-season collapse, and a rebound in efficiency would help avoid a repeat of those struggles.
Smith will be a central figure in that effort, and his ability to remain a productive complement to Brown will go a long way in determining the effectiveness of this lucrative commitment.
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