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Source: Indianapolis Colts guard Quenton Nelson agrees to record 4-year extension

Indianapolis Colts Pro Bowl offensive lineman Quenton Nelson has agreed to a record-setting, four-year extension that will make him the highest-paid guard in NFL history, a source told ESPN's Adam Schefter.

The deal has an average annual value of $20 million and includes $60 million guaranteed, the source said. Indianapolis finished the deal Saturday night with Nelson's agent, RJ Gonser of CAA.

Nelson was heading into the last year of his contract and scheduled to make $13.8 million this season.