The Lions are close to locking up another one of their top-two draft picks from past years.
Adam Schefter of ESPN has reported, and PFT can confirm, that a deal between the Lions and Stafford is very close.
Contrary to Schefter’s characterization of the deal as a “blockbuster,” however, it would be closer in the grand scheme of things to a Band Aid.
Per a source with knowledge of the situation, it would be a three-year extension of Stafford’s rookie deal, which currently has two years remaining. And the five-year package would pay Stafford more guaranteed money than the $23.5 million he’s due to earn over the next two seasons combined and Stafford’s franchise tag for 2015, which would be a 20 percent increase over his 2014 cap number.
The guaranteed money will be in the range of $43 million.
The deal isn’t done yet. For now, though, the momentum is pointing toward a three-year extension for Stafford, which would put him under contract through 2017 — and setting him up for another new deal just after his 30th birthday, at the very latest.
UPDATE 2:42 p.m. ET: The three-year extension will be worth $53 million, pushing the five-year haul to $76.5 million.