Reigning NFL MVP Matthew Stafford signed a contract extension with the Los Angeles Rams, the team announced Thursday.
It's a one-year, $55-million deal, sources told ESPN's Adam Schefter. The star quarterback's contract can reportedly be worth up to $60 million with incentives. Stafford, 38, now has two years and up to $105 million left on his contract.
He'll enter his 18th NFL season with more financial security after winning his first league MVP award. He was present for the first day of the Rams' offseason program in April after the two sides reportedly made significant progress toward an extension.
Los Angeles had adjusted Stafford's contract in each of the past two years. Before this extension, his deal was set to expire after the 2026 season.
The three-time Pro Bowler is preparing for his sixth season with the Rams. He began his NFL career with the Detroit Lions in 2009. Stafford helped lead the Rams to a Super Bowl LVI title alongside head coach Sean McVay.
Stafford, Dak Prescott, Joe Burrow, and Josh Allen are among the passers who will earn average salaries of over $50 million next season, per Over the Cap.
Los Angeles recently used the No. 13 overall pick in the NFL draft to select quarterback Ty Simpson.
Stafford hasn't shown any signs of slowing down. The Georgia product led the NFL last season with 4,707 passing yards and 46 touchdowns compared to just eight interceptions. The Rams made it to the NFC Championship Game before losing to the Seattle Seahawks.
Stafford sits sixth on the NFL's all-time regular-season passing list with 64,516 yards.
