Report: Johnson, Titans agree to $53 m deal
Running back Chris Johnson's holdout is over, as he agreed to a four-year, $53 million extension, according to ESPN's Adam Schefter and other reports.
According to Schefter, the deal also includes $30 million in guarantees. TitanInsider.com reports that Johnson is scheduled to earn $13 million in the first year of the deal, which is an extension of his current deal and runs through 2016.
According to NFP's Andrew Brandt, the $30 million in guarantees are included in the first three years of the deal, which is valued at $31 million total. In addition to the $13 million this year, CJ is scheduled now to earn $8 million 2012 and $10 million in 2013.
Johnson had said he wanted to be paid as an elite playmaker, while the Titans kept their word, making him the highest paid running back in the NFL.
The deal comes just before the Titans final preseason game tonight in New Orleans. Johnson won't play, but will be ready in plenty of time for the regular-season opener in Jacksonville on Sept. 11.
Terry McCormick covers the Titans for TitanInsider.com