San Francisco 49ers tight end Vernon Davis signed a five-year, $37 million extension with $23 million guaranteed on Saturday, according to league source.
Davis' deal makes him the highest-paid tight end in NFL history.
"I want to say thanks to my coach and the whole 49ers family," Davis said. "I really look forward to the upcoming season and winning games."
Back in July, Antonio Gates signed a then-record five-year, $36.175 million deal with the San Diego Chargers that included $20 million in guaranteed money.
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