OWINGS MILLS, MD - The Baltimore Ravens signed tight end Mark Andrews on Monday to a four-year extension, the team announced.
A source told ESPN's Jeremy Fowler that the deal is worth $56 million.
At $14 million per season, that makes Andrews the third-highest-paid tight end in the league, trailing only George Kittel ($15 million per season) and Travis Kelce ($14.3 million).
The source told Fowler that Andrews, who was due to be a free agent at the end of the season, would receive $37.6 million in guaranteed money for 63% of the deal. They will be paid $26.6 million by March 2022.
The new deal was a timely birthday gift for Andrews, who turned 26 on Monday.
"Mark is exactly the type of player we want to have as Raven for a long time," said Baltimore general manager Eric DeCosta. "He is competitive, passionate, talented and a leader. We are very excited to have him in Baltimore for the next five years. Congratulations to Mark and his family - and a very happy birthday."
A third-round pick in 2018, Andrews quickly became Lamar Jackson's favorite target. Since Jackson took over as the starting quarterback in mid-2018, Andrews has caught 132 passes from him, 34 more than any other Baltimore pass-catcher. According to ESPN Stats & Information, during that time, Jackson has recorded 74.0 total QBR with Andrews on the field and 64.0 QBR with him.
Andrews' 17 touchdowns over the past two seasons all top tight ends and rank No. 8 in the NFL overall. He has amassed a total of 2,105 yards, the fifth most by an NFL tight end in his first three seasons in the past two decades. Only Kittel (2,945), Rob Gronkowski (2,663), Jimmy Graham (2,648) and Antonio Gates (2,454) have produced more in their first three seasons since 2001.
Andrews joined Ronnie Stanley and cornerback Marlon Humphrey on offensive tackles as the Ravens signed lucrative extensions over the past 11 months.
With Andrews signing, Jackson became the next Baltimore player to land a long-term deal. Jackson is signed through the 2022 season.