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Lions, Stafford Agree To Blockbuster Extension

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Detroit is looking to lock up their franchise quarterback through 2017. Photo by Gregory Shamus/Getty Images.
Detroit is looking to lock up their franchise quarterback through 2017. Photo by Gregory Shamus/Getty Images.

Update: According to ProFootballTalk, Matthew Stafford has agreed to a three-year, $53 million contract extension with a whopping $43 million in guaranteed money and a $27.5 million signing bonus. That puts the total value of his contract over the next five seasons — Stafford is still under contract for two years and $23.5 million — at $76.3 million.

The Detroit Lions and their quarterback, Matthew Stafford, are reportedly on the verge of a “blockbuster extension” that could be completed as early today, according to Adam Schefter of ESPN. Dave Birkett of the Detroit Free Press says that the deal is a three-year contract extension that will keep him in Detroit through 2017.

Stafford, only 25, regressed last season after his breakout campaign in 2011. While Stafford still threw for 4,967 yards, he only had 20 touchdowns against 17 interceptions. This is down from the 5,038 passing yards, 41 touchdowns and 16 interceptions he threw for the year prior. Not to mention, his completion percentage dropped from 63.5 to 59.8 percent.

After making their first playoff appearance in years in 2011, the Lions missed the playoffs in 2012 and finished the regular season tied with the Oakland Raiders and Philadelphia Eagles for the second worst record in the league at 4-12.

Even so, Stafford is a vital piece for the franchise moving forward, and locking him up now with Calvin Johnson in his prime is the smart thing to do.