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Tyrod Taylor and the Buffalo Bills have agreed to a contract extension, per an official team release.
It's a done deal. We've signed Tyrod Taylor to a contract extension!
— Buffalo Bills (@buffalobills) August 12, 2016
How T2 became our QB1: https://t.co/JOmIAD4lwp pic.twitter.com/90FD7p5E0V
We’ve all been expecting this deal for some time, although I must say, this is a bit earlier than I thought an extension would be signed.
Right now, we don’t know the specific details, but Tim Graham of The Buffalo News did provide some parameters:
Tyrod Taylor deal can be as long as six years, but contains team options. $90 million, but could be more with incentives.
— Tim Graham (@ByTimGraham) August 12, 2016
Doing some quick math, according to Graham’s report, $15 million per season is the most Taylor’s extension can ultimately be worth. That’d be a huge pay increase for the veteran quarterback who was set to make just $3 million in 2016 and a gigantic bargain for the Bills based on today’s quarterback market.
Ian Raport of NFL Network echoed Graham with this tweet:
The #Bills have signed QB Tyrod Taylor to a 6-year deal, source said. Helps them cap-wise, but expect some flexibility after 2 years.
— Ian Rapoport (@RapSheet) August 12, 2016