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.

National Football Post reported and TitanInsider.com reported earlier today that the deal was on the verge of being finalized to end his holdout that has been going on since training camp.

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.

Follow me on Twitter @TitanInsider247 and @terrymc13

Terry McCormick covers the Titans for TitanInsider.com

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