It’s 5 o’clock somewhere…
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Spotrac jumped in this week with a tweet about the value of Terry McLaurin’s imminent contract extension.
WR Terry McLaurin, skipping #Commanders OTAs, projects toward a 3 year, $93M extension in our system ($31M APY).
DK Metcalf’s $33M APY, $60M guaranteed is a realistic landing spot here.
— Spotrac (@spotrac) May 28, 2025
Three years feels about right. The right value for his deal depends on how you see his place in the pantheon of contemporary wide receivers.
Per Over the Cap, this is the list of the top-25 WR contracts in the NFL at the moment. Terry McLaurin currently ranks 16th with an APY of $23.2m.
It seems as if all the major extensions for wide receivers that were expected for this season have been done except for Terry, so the table above should provide pretty solid reference for pinning down his value.
What ESPN has to say about Terry’s extension situation:
Washington clearly would like to keep McLaurin around. He’s coming off his best season overall — 82 receptions for 1,096 yards and a career-best 13 touchdowns. He clicked with quarterback Jayden Daniels and has established himself as a No. 1 receiver in the league. He’s a respected voice in the locker room and hasn’t missed a game since 2020.
However, he turns 30 this summer, so how much can the Commanders invest in a player who will be approaching his mid-30s when the contract ends?
The sides have been talking for a while, and McLaurin skipped last week’s voluntary OTA session — after attending all the previous offseason workouts. McLaurin missed some OTA work in 2022 when he was last up for an extension.
“We want to make Terry a Commander for a long time,” general manager Adam Peters said earlier this offseason. “He got better and better as the season went on, not only as a player but as a leader. It was really impressive to see him grow so much. You think of Terry as this pristine, polished player, but then he got even better.”