Terry McLaurin signs three-year extension with Commanders

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The Washington Commanders have signed top receiving threat Terry McLaurin to a three-year contract extension, ending his contract holdout before the start of training camp.

According to ESPN's Adam Schefter, McLaurin — who was entering the final year of his rookie contract as a former third-round pick by Washington in 2019 — has agreed to a three-year extension worth up to $71 million that places him among the top-five highest-paid receivers in the NFL.

McLaurin, who will be 27 at the start of the 2022 season, agrees to a $28 million signing bonus, the largest ever given to a wide receiver, Schefter says, which includes 76.4 percent of the money in his new deal that's guaranteed.

McLaurin was entering the final year of his rookie contract and declined to appear at the team's OTAs.