Drake London agreed to a four-year, $141 million extension, up to $150 million with incentives and $100 million guaranteed, making him the third-highest-paid receiver in the NFL
21:20 ET, 02 Jun 2026
Drake London signed a new contract extension
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Drake London signed a new contract extension(Image: Getty)
The Atlanta Falcons have locked up their franchise wide receiver for the long term, agreeing to a four-year, $141 million contract extension with Drake London.
The decision to extend the dynamic wideout makes him the third-highest-paid receiver in the NFL and the highest-paid at his position in Falcons history.
The deal, negotiated by agent Andrew Kessler of Athletes First and confirmed Tuesday, includes $100 million in guaranteed money and can reach $150 million with incentives. London will be under contract with Atlanta through the 2030 season. It comes as the odds have swung for Super Bowl 61 after the Rams traded for Myles Garrett.
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His $35.25 million average annual value sits behind only Jaxon Smith-Njigba of the Seattle Seahawks ($42.15 million) and Ja'Marr Chase of the Cincinnati Bengals ($40.25 million).
It also places him ahead of both Justin Jefferson ($35 million) and CeeDee Lamb ($34 million), two of the game's most established playmakers.
London, 24, was heading into the final year of his rookie deal on a $16.82 million fifth-year option. The Falcons declined to let that situation extend any further, moving quickly to retain the cornerstone of their passing offense under first-year general manager Ian Cunningham and president of football operations Matt Ryan.
London is the third-highest-paid receiver in the NFL
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London is the third-highest-paid receiver in the NFL(Image: Getty)
The contract reflects a consistent upward trajectory since London was taken eighth overall out of USC in the 2022 draft.
He set a Falcons rookie reception record with 72 catches for 866 yards in year one, produced 69 catches for 905 yards in year two, then exploded in 2024 with 100 catches for 1,271 yards and nine touchdowns, one of the more productive wide receiver seasons in the league that year despite the Falcons cycling through quarterbacks.
In 2025, he was limited to 12 games due to hip and PCL injuries but still totaled 68 catches for 919 yards and seven touchdowns while setting new personal highs for yards per game and yards per reception. Across four seasons, London has 309 catches for 3,961 yards and 22 touchdowns.
London played 12 games last season due to injuries
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London played 12 games last season due to injuries(Image: Getty)
Throughout that stretch, he has caught passes from Marcus Mariota, Desmond Ridder, Kirk Cousins, and Michael Penix Jr., an unusually turbulent rotation of signal-callers for a receiver to have built his reputation around, and performed consistently regardless.
The extension represents the first major roster move by the new Falcons front office, and with London secured, attention will likely shift to the team's next contractual priority.
Running back Bijan Robinson, heading into his fourth season, has had his fifth-year option picked up for 2027 and is a candidate for an extension.
Tight end Kyle Pitts is playing on the franchise tag in 2026 and has until July 15 to sign a long-term deal or play out the year on his tender.
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Top 5 highest-paid wide receivers in NFL*
Jaxson Smith-Njigba (Seahawks) - $42.15M average salary (4-year, $168.6M deal)
Ja'Marr Chase (Bengals) - $40.25M (4-year, $161M)
Drake London (Falcons) - $35.25M (4-year, $141M)
Justin Jefferson (Vikings) - $35M (4-year, $140M)
CeeDee Lamb (Cowboys) - $34M (4-year, $136M)
*per Spotrac