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Larry Fitzgerald gets $50 million guarantee from Cardinals

Larry Fitzgerald, Ronald Bartell

Arizona Cardinals wide receiver Larry Fitzgerald (11) gains yards as St. Louis Rams cornerback Ronald Bartell pulls him down during the first quarter of an NFL football game Sunday, Dec. 5, 2010, in Glendale, Ariz. (AP Photo/Matt York)

AP

The Arizona Cardinals have locked up Larry Fitzgerald with an enormous new contract.

Adam Schefter of ESPN reports that Arizona will sign Fitzgerald to a record eight-year, $120 million contract that includes close to $50 million guaranteed.

The deal makes Fitzgerald the highest-paid wide receiver in the NFL, and may very well keep the 27-year-old Fitzgerald in Arizona for the rest of his career.

Since joining the Cardinals as the third overall pick in the 2004 NFL draft, Fitzgerald has established himself as one of the best offensive playmakers in football. With this deal and the Cardinals’ trade and new contract for Kevin Kolb, it’s clear that Arizona believes it’s going to have one of the best pass-catch combinations in football for years to come.