Inside the Chris Olave deal
Key Points:
- The New Orleans Saints signed wide receiver Chris Olave to a four-year contract extension reportedly worth up to $132 million, adding to his 2026 salary of $15.493 million.
- The deal includes a $35 million signing bonus and fully guaranteed salaries and roster bonuses for 2026 and 2027, with increasing guarantees through 2028 and partial guarantees extending to 2029.
- Olave's contract features per-game roster bonuses totaling $1.36 million annually for five years, providing the Saints protection against injury, relevant as Olave missed nine games in 2024 due to concussions.
- The contract also includes $2 million in annual escalators from 2027 to 2030 based on performance milestones such as All-Pro selections and receiving stats, none of which Olave has achieved yet.
- Overall, $52.653 million is fully guaranteed at signing, rising to $77.013 million by 2027 and $90 million by 2028, with a base contract value of $124 million and a maximum value of $132 million.