The Edmonton Eskimos were willing to match the offer to retain the defending three-time CFL passing leader, added Rishaug. Edmonton allowed Reilly to speak to teams before free-agency started.
It's a significant raise for Reilly, who reportedly earned between $400,000 and $500,000 annually over the course of a three-year contract signed with Edmonton in 2016.
The 34-year-old began his career with the Lions, playing for the franchise from 2010-12 before spending the past six seasons with the Eskimos, where he cemented his status as one the league's premier passers.
Reilly led Edmonton to a Grey Cup victory in 2015 and was named the game's MVP. He added the regular season's Most Outstanding Player Award to his collection in 2017 after throwing for 5,830 yards and 30 touchdowns.