It’s a done deal now, the Eagles and Carson Wentz have agreed to a contract extension through the 2024 season, the team announced on Thursday night.
On his Twitter account, Wentz posted: “What’s up Eagles nation? I can’t even explain to you how excited I am right now to be a part of this great city for this many more years. It means the worked to me. From the moment I got drafted here, I knew this place was special.
“I knew they had the most passionate fans in the world in all of sports and I knew we had the opportunity to build something truly special here. To be cemented here for this much longer means the world to me.”
Wentz went on to thank his wife Amy, his family and friends as well as owner Jeffrey Lurie, executive vice president of football operations Howie Roseman, head coach Doug Pederson, the entire organization and his teammates for supporting him.
“It’s going to be a fun ride,” Wentz said in the video he posted on his Twitter account. “By no means is the work done. We’re just getting started. This year is going to be special and I look forward to seeing you guys at the Linc on Sundays this fall.”
The contract extension is scheduled to pay Wentz $128 million, with $107 million guaranteed, per ESPN's Adam Schefter.
Schefter added that Wentz's total deal, taking into account 2019 and 2020, is worth $154 million over six years.
The $107 million-plus is the largest deal in terms of guaranteed money given to an NFL player, minimally eclipsing the $107 million in guarantees give to Seattl'e Russell Wilson this past April.
Last season, Wentz ranked third in the NFL with a franchise-record 69.6 percent completion percentage and finished seventh with a career-high 102.2 passer rating (minimum 250 attempts).
He didn’t finish the season, of course, after suffering a stress fracture in his back, marking the second straight year the 26-year-old quarterback ended the year watching from the sidelines. He was on track to be the likely MVP during the 2017 season until two torn knee ligaments squashed that.
The Eagles were about $28 million under the salary cap prior to signing Wentz.
Now that Wentz is locked down, the Eagles could turn their attention to safety Malcolm Jenkins, who did not participate in any of the voluntary workouts or OTAs this spring. There are reports that Jenkins is willing to sit out next week’s mandatory minicamp in order to draw attention to his desire to become one of the top five highest paid safeties in the league. Right now, he is ninth.
Pederson said last week that Wentz was having a strong spring.
“His lower body is strong,” said Pederson. “His arm is strong. You are seeing the things that we saw a couple of years ago when he was healthy, obviously. He's leading the offense, leading the team, and really doing a nice job out there.
“We were cautious early. We just wanted to make sure he was progressing each day, and we've increased his load. He's handled it well. Again, we're always going to be a little bit guarded. With all our players, but especially him. Yeah, he's been good.”
Now, Wentz is being handsomely rewarded.