Chris Johnson agrees to terms on $53.5 million contract

AP

Chris Johnson’s holdout ended in the most predictable way possible. He’s back in the fold 10 days before the regular season starts.

Right on schedule.

Jim Wyatt of the Tennessean first reported and PFT’s Mike Florio can confirm that Johnson agreed to a four-year, $53.5 million contract extension.  $53.5 million is the new money; $30 million is guaranteed. Some of the guaranteed money is for injury, and some for injury, skill, and salary cap.   Part of the guarantee transfers to injury on the first day of a given league year.

In the end, Johnson essentially got the guaranteed money and per-year dollars he was looking for.  The Titans didn’t have to pay him Larry Fitzgerald money or completely break the running back mold.

It’s key to note this is an extension.  Johnson got the guaranteed money he wanted, but the Titans got the average salary they wanted.  The total deal is not over $13 million like we’ve seen reported. You have to factor in what Johnson was set to make in 2011-2012, and add the four new years.  It’s essentially a six-year deal that is closer to $9.3 million a year.

The move gives Johnson enough time to be ready for Week One.

It should also give Adrian Peterson a starting point for negotiations of his next contract.