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New Orleans Saints sign LB Demario Davis to one-year extension, sources say

The New Orleans Saints have signed standout linebacker Demario Davis to a one-year extension through 2024, league sources told ESPN's Field Yates on Friday.

Under the new deal, Davis can earn an additional $18 million over the next three seasons, sources said, as the Saints beefed up the existing two years on his contract as well. Davis can earn $2 million in incentives in each of the next three seasons and has a $10 million salary and $2 million roster bonus during the 2024 league year.

Davis had his 2023 base salary reduced by $250,000, while the Saints added a 2023 workout bonus for the same amount and fully guaranteed $1 million of his $8.