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Report: Saints, Chris Olave agree to 4-year extension, worth up to $132M | Latest NFL News, Analysis & Updates | NFL.com

Chris Olave agreed to a 4-year, $132M extension with the Saints, including $90M guaranteed, after a career-best 2025 season with 100 receptions and 1,163 yards.

First seen Jul 31, 2026 · 2:00 AM UTC · last updated Aug 01 6:01 AM

Scoring Zone's Take

Chris Olave's four-year, $132M extension with $90M guaranteed is the clear signal here, and it's a strong one for his dynasty and redraft value. Locking up that kind of money after a career-best campaign (100 catches, 1,163 yards) tells you the Saints view him as the unquestioned WR1 in New Orleans for the foreseeable future, not a trade candidate or a piece to be phased out. Heading into your draft prep, Olave should be treated as a stable, high-floor WR2 with WR1 upside — the security of a long-term deal removes a lot of the "what's his role/what's his ceiling" uncertainty that often clouds pass-catchers on rebuilding rosters. If he's on your board, this is a green light to lock him in as a priority target rather than a wait-and-see flier.

The ripple effect for the other names in this cluster — Jameson Williams, Drake London, Jordyn Tyson, Bryce Lance, Barion Brown, Bub Means, Devaughn Vele, Tyler Shough, Garrett Wilson, and Ja'Lynn Polk — is minimal to none based on what's reported. This is a Saints-specific transaction with no indication of scheme changes, target-share shifts, or roster moves involving those players. Don't overreact by downgrading Olave's positional competitors in New Orleans (there's no mention of Means, Vele, or others losing snaps) or by assuming any Lions, Falcons, Jets, or Broncos personnel changes stemming from this news — none are indicated.

Bottom line: bump Olave up your draft rankings as a locked-in, well-compensated primary target with a clear long-term role. Everyone else listed here is unaffected — treat their draft stock exactly as you already have it, with no adjustment warranted from this specific report.

REPORT: OLAVE, SAINTS COME TO TERMS ON MEGA 4-YEAR EXTENSIONREPORT: SAINTS, CHRIS OLAVE AGREE TO 4-YEAR EXTENSION, WORTH UP TO $132M

NFL Insiders Ian Rapoport and Judy Battista discuss New Orleans Saints wide receiver Chris Olave agreeing to a four-year contract extension.

New Orleans Saints wide receiver Chris Olave has agreed to terms on a four-year contract extension that is worth up to $132 million, ESPN reported on Thursday.

The deal includes $90 million guaranteed. The Saints subsequently announced they had agreed to a multiyear extension with Olave.

Olave's good news was expected, as the wide receiver noted during organized team activities that he was anticipating an extension and was hopeful it would be worked out prior to training camp. Saints general manager Mickey Loomis also expressed optimism a deal would get done earlier this week.

Entering the final year of his rookie contract, Olave attended voluntary organized team activities and reported to training camp on time, but didn't take part in drills initially this week. That's likely to change now.

Olave's new deal comes following those to fellow '22 first-round wide receivers Garrett Wilson (No. 10 overall) with the New York Jets, Jameson Williams (No. 12) with the Detroit Lions and Drake London (No. 8) with the Falcons. The latter was worked out on June 2, with New Orleans' archrival Atlanta perhaps inadvertently -- or not -- driving up the price for Olave, the No. 11 overall pick in 2022.

Having overcome concussion concerns and a recent scare due to a blood clot, Olave turned in his best season to date in 2025 with 16 starts, 100 receptions, 1,163 yards and nine touchdowns each standing as career bests,

Following his sensational showing last season, Olave has solidified himself as a crucial component in the Saints’ plans for the future, a notion underscored by his second career contract.

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In the aftermath of an eight-game 2024 season in which he suffered multiple concussions, Olave turned in a masterpiece of a 2025 campaign. Olave’s outstanding output helped secure quarterback Tyler Shough’s status as the franchise’s hopeful QB of the future.

The precarious 2024 campaign drew doubts about Olave’s playing future overall. The Ohio State product who so quickly showcased his talents with back-to-back 1,000-yard seasons to start his career responded in sterling form and has now been rewarded.

Olave, 26, is firmly entrenched at the forefront of a receiving corps that now includes 2026 first-round pick Jordyn Tyson and also features Devaughn Vele, Bub Means, Ja'Lynn Polk and rookies Bryce Lance and Barion Brown. There is far more promise and youth than experience in the WR room. Olave however, maintains all those attributes.

Despite Olave’s good fortune, his injury history will remain a concern. He suffered concussions in each of his first three seasons and the end of last year was clouded by a blood clot in his lung that caused him to miss the final game of the season.

Ultimately, Olave has lived up to the expectations of his draft status and penned an inspirational story so far.

Coverage from Nfl Dot Com News · by Grant Gordon · Jul 30, 2026 · read original