The Falcons have now extended two of their three top-10 picks at the skill positions. They are following up their Drake London payday with a Kyle Pitts re-up. Pitts has a three-year deal in place, ESPN’s Adam Schefter reports.
Given the franchise tag in March, Pitts will now be tied to a three-year, $54MM contract through the 2028 season. The deal includes $36MM fully guaranteed, Schefter adds. While this is not a market-topping tight end accord, the $36MM guarantee number certainly did plenty to entice Pitts, who is coming off a bounce-back 2025 season.
At $18MM per year, Pitts becomes the NFL’s third-highest-paid tight end. George Kittle and Trey McBride saw 2025 extensions move the TE bar past the $19MM-AAV mark, and as this space has continually tabbed this position as being underpaid, teams with quality tight ends continue to take advantage of a glacial market. As wide receivers are now past $42MM per year, the NFL does not have a $20MM-AAV tight end.
More to come.