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The New Orleans Saints and exclusive rights free agent wide receiver Rashid Shaheed reached agreement on a one-year, $5.2 million contract extension, a source told ESPN's Adam Schefter on Saturday.
Shaheed, who also a returner for New Orleans, was an All-Pro and Pro-Bowl selection last season. The deal was negotiated by his agents Drew Rosenhaus and Robert Bailey, and comes four days before the Saints open up training camp.
As the Saints transitioned to Derek Carr as the starting quarterback last season, Shaheed finished with 46 receptions for 719 yards and five touchdowns.