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Sources: Washington Commanders, Terry McLaurin agree to three-year extension with $28M signing bonus

Washington Commanders wide receiver Terry McLaurin is signing a three-year extension worth up to $71 million in new money that places him amongst the NFL's top-five highest-paid WRs, sources tell ESPN's Adam Schefter.

Agents Buddy Baker and Tony Bonagura of Exclusive Sports Group finalized the deal Tuesday with Washington senior vice president of football operations Rob Rogers.

The new three-year extension for McLaurin includes a $28 million signing bonus, the largest given to any wide receiver, and also has 76.4% of the new money in the deal guaranteed.

The deal contractually ties the 26-year-old McLaurin to Washington through the 2025 season.