Lions plan to announce Megatron mega-extension today

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The Lions’ No. 1 priority in free agency is making sure their most talented player stays in Detroit for the prime of his career without becoming a free agent. And they’re getting close to getting that done.

Anwar Richardson of MLive.com reports that the Lions are close to announcing a seven-year contract extension for wide receiver Calvin Johnson. Megatron is on the way to Detroit and both sides are hoping to get it done in time for an announcement today.

Although no financial terms are known, the deal would likely surpass Larry Fitzgerald’s contract with the Cardinals and make Johnson the highest-paid receiver in NFL history.

No matter how much the Lions are paying Johnson, the deal will surely give them some cap relief this season. Johnson’s cap number for 2012 surpasses $21 million, and that cap number is a big part of the reason the Lions aren’t making any noise in free agency. They simply don’t have the cap space.

And the deal also puts the Lions in better shape a year from now, when they’d be faced with either tagging him with an enormous franchise tender of more than $25 million, or letting him become an unrestricted free agent.

So for Johnson, it will surely be an enormous contract. For the Lions, it will be a contract whose cap effect is felt mostly a few years down the road, when the new TV contracts are expected to expand the salary cap significantly. This is good news all around in Detroit.

28 responses to “Lions plan to announce Megatron mega-extension today

  1. Stafford to Calvin – 7 years from now this will be the greatest QB to WR combo to ever play….watch out record books!

  2. Just as I call you out Mayhew, You shove it right back in my face!!!! I knew u had something up your sleeve. I love IT!

    Now we have some cap room. Time to make some moves!

  3. YES! YES! YES! YES! YES! YES! YES! YES! YES! YES!YES! YES! YES! YES! YES! YES! YES! YES! YES! YES! YES! YES! YES! YES! YES! YES! YES! YES! YES! YES! YES! YES! YES! YES! YES! YES! YES! YES! YES! YES! YES! YES! YES! YES! YES! YES! YES! YES! YES!

  4. Meanwhile, JaMarcus Russell sits on his couch, balancing 5 McGriddles on his fat gut that he purchased with money stolen from Al Davis.

    Not that I’m bitter or anything.

    Congrats to Lions fans!

  5. smh35 says: Mar 14, 2012 10:43 AM

    6 years, $84Mil. is my guess

    ————————————————-

    did you not see Fitz deal last year?

    He signed 8 year $128 million

    Calvins deal is supposedly for 7 years…I’d be one to bet his deal comes in around 7 years for $128 million…be ecstatic though if he signed for under $100 million like you’re suggesting 😀

  6. Now go out and get Brandon Carr dammit!

    I know this sounds crazy but sign Mario Williams too and drop KVB. I know KVB brings the veteran presence but so does Williams and hes younger. Just an idea. Williams and Avril on the ends = ridiculous!

  7. Awesome! I knew it was gonna happen but I was certainly getting a little nervous. Can’t wait to see how much cap space it frees up this year. Mario Williams anyone?

  8. Here we go fellow detriot fans. Megatron!!! Im happy to lose Eric Wright too, I questioned the move when we got him from the Browns. Secondary moves are sure to come.

    What do you guys think about picking up Brandon Jacobs to help our pass protection, and to be our Powerback? Any thoughts?????

  9. I am not expert, but doesn’t signing a huge extension mean you have to pay him a lot? Doesn’t that then mean you are going to have to take a cap hit because of a high salary?

    How does this help soften his cap hit?

  10. Calvin’s cap number was $21 million this year and something like $25 million next. If the deal is for $130-ish million over eight years, you’re looking at significant savings for the Lions over the next two pre-tv dollars seasons. I wouldn’t doubt it if his cap number for 2012 and 2013 is around $7-10 million less than it otherwise might have been because of this extension.

  11. Saves $9 million in cap space in 2012 alone (probably even more in 2013 if the Lions were forced to franchise him). Good deal for both sides.

  12. And some wonder why Brees won’t sign tender. He’s probably not looking for less $ than Detroit is willing to pay their wide receiver. So CJ gets a Top 5 QB type contract, can’t wait to see Brees and Manning deals. A few teams are gonna end up “bustin’ caps” (salary caps, that is!)

  13. After that deal, we all in!!!!! 132 million(60 million guaranteed). we finally playin wit the big dawgs. wit big honolulo blue chips.
    Go Lion!!!!!!!!!!!!

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