The Patriots and punter Jake Bailey agreed to a four-year, $13.5 million contract extension, ESPN’s Adam Schefter tweeted Monday morning.
According to Schefter, the deal will run through the 2025 season and includes $6.5 million fully guaranteed.
The new deal makes Bailey one of the highest-paid punters in the NFL, trailing only the Seahawks’ Michael Dickson and the Commanders’ Tress Way.
Bailey was heading into the final year of his rookie contract, and the $4.05 million salary cap charge he was carrying was the second highest of any punter in the NFL.