Tony Gonzalez signs extension with Falcons

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Tony Gonzalez will not be retiring just yet.

Jay Glazer of FOX reports that the Falcons tight end finalized a one-year, $7 million extension with Atlanta on Saturday. He’ll be back for his 16th NFL season.

It was believed Gonzo could retire, but he’s clearly still able to play at a high level. He has 79 catches for 867 yards and seven touchdowns this year, which is better than his production the previous two years.

UPDATE 1:23 p.m. ET: The Falcons confirmed the one-year deal.