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Bills officially announce four-year extension for Stefon Diggs

Jim Kelly had 11 glorious Buffalo Bills seasons playing catch with his favorite wide receiver, Andre Reed.

And now, Josh Allen will get as many as six more seasons teaming up with his favorite target, Stefon Diggs.

Wednesday morning, ESPN’s Adam Schefter reported that the Bills have agreed to extend Diggs’ contract for an additional four years at a cost of $96 million that could reach $104 million including $70 million that is guaranteed.

The team has not yet confirmed the move, but if it is true, Diggs is locked up through the 2027 season when he will be 34 years old. Per Schefter’s report, Diggs would like to retire as a member of the Bills.

There had been recent chatter - though not from Diggs - about his possible dissatisfaction with his contract which was set to expire in 2023.

The Bills have reportedly extended the contract of Stefon Diggs.
The Bills have reportedly extended the contract of Stefon Diggs.

“Listen, it won’t be a storyline for us,” general manager Brandon Beane said a couple weeks ago when the subject was broached by reporters. “I know the media has to talk about it, the social media world we’re in. Every time a player gets a new deal somebody tweets something funny and you gotta read into it. Whatever it is, that’s just part of the world we’re in. But I’ve got a great relationship with Stef and he knows if there’s ever a concern to call me directly and I’ll do the same.”

Back in 2018, with one year left on his original rookie contract with the Minnesota Vikings, Diggs signed a five-year, $72 million contract extension with $40 million guaranteed.

The Bills inherited the final four years of that deal when they acquired Diggs in a 2020 trade that cost them four draft picks including their first-rounder in 2020.

That deal averaged $14.5 million, but when other wide receivers were lavished with massive contracts in the past few weeks, Diggs’ contract quickly became outdated, at least in terms of the production Diggs has had on the field in comparison to the other receivers.

Since the 2022 free agency signing period began last month, the wide receiver market has gone a little crazy. Tyreek Hill was traded by Kansas City to Miami and signed a new deal that averages $30 million per year, highest among all wide receivers.

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Davante Adams was traded from Green Bay to Las Vegas and signed a new contract that pays him $28 million per season; DeAndre Hopkins was already making $27.25 million per season in Arizona; D.J. Moore was bumped up to $20.6 million annually after he was extended by Carolina; and Christian Kirk is at $18 million per year after he was signed by Jacksonville.

Diggs is now one of nine receivers who will average at least $20 million per year and is one of eight with at least $50 million guaranteed. Only Hill’s $72 million guarantee is higher than Diggs’.

The Bills are very tight against the salary cap and while the numbers aren’t yet available, it is expected that the new Diggs deal will create some space. He was scheduled to count a team-high $17.9 million this season, but that number should shrink precipitously.

In his two seasons in Buffalo, Diggs has 230 catches for 2,760 yards and 18 TDs in 33 regular-season games. Only Adams tops those numbers since 2020 as he had 238 catches for 2,927 yards and 29 TDs when he was teamed up with future Hall of Famer Aaron Rodgers.

Back in the Bills’ Super Bowl heyday, Kelly and Reed formed one of the greatest tandems in NFL history. Reed joined the Bills a year before Kelly in 1985, and left the team three years after Kelly retired in 1996 and is the franchise’s all-time leader in games played (221), catches (941), receiving yards (13,095), and receiving touchdowns (86).

Sixty-five of the TDs came from Kelly and that was the third-highest total in league history at the time Kelly retired.

Allen - who in under contract through 2028 - and Diggs will most likely not get 11 seasons together, but given how the NFL game has changed, if Diggs continues to perform even close to the level he has the past two years, he could threaten Reed’s records for receptions and receiving TDs.

In the next six years he would have to average 118 catches and 11.3 TDs to do it, not out of the question.

Sal Maiorana can be reached at maiorana@gannett.com. Follow him on Twitter @salmaiorana.

This article originally appeared on Rochester Democrat and Chronicle: Stefon Diggs signs to 4-year contract extension with Buffalo Bills