The Arizona Cardinals and Kyler Murray agreed to terms on an extension that keeps the quarterback under contract through 2028, the team announced.
The new five-year deal is worth $230.5 million and includes $160 million guaranteed, a source told ESPN's Adam Schefter.
The pact will pay Murray $30 million in the first year, $69 million over two years, and $106.2 million after three years, a source told NFL Network's Tom Pelissero.
Murray's new $46.1-million average annual salary is now the second highest in the NFL and his $160 million in guaranteed money is second only to Deshaun Watson, who inked a fully guaranteed $230-million pact with the Cleveland Browns this year. Here's how Murray's contract compares to other QBs:
| QB | Salary | Yrs | Guaranteed |
|---|---|---|---|
| A. Rodgers (GB) | $50.27M | 3 | $150.8M |
| K. Murray (ARI) | $46.1M | 5 | $160M |
| D. Watson (CLE) | $46M | 5 | $230M |
| P. Mahomes (KC) | $45M | 10 | $141.5M |
| J. Allen (BUF) | $43M | 6 | $150M |
Murray had two years left on his rookie contract and was scheduled to make $5.3 million this season. The 24-year-old began negotiating a new deal with Arizona earlier this year but the two sides weren't able to come up with an agreement at the time. Murray's agent Erik Burkhardt said in February the signal-caller wanted an extension that included financial security and showed "a real commitment from the organization."
Arizona has improved each year since Murray joined the team as the first overall pick in 2019. The Cardinals, who went 5-10-1 in Murray's rookie campaign, won eight games in 2020 before posting an 11-6 record last season en route to earning a postseason berth for the first time since 2015.
Murray, who missed three games in 2021 due to injury, posted a career-high 69.2% completion rate last year while tossing 3,787 yards and 24 touchdowns against 10 interceptions in the regular season. He then struggled in his first playoff game, going only 19-of-34 passing with no touchdowns and two picks against the Los Angeles Rams in the wild card.
The two-time Pro Bowler has thrown for 70 touchdowns to 34 interceptions across three seasons in Arizona. The Oklahoma product has also rushed for 20 touchdowns in that span, including a career-high 11 in 2020.