As reported today by Adam Schefter of ESPN, S Minkah Fitzpatrick has come to terms on a four-year contract extension with a new money average of $18.4 million per year. $36 million of that is guaranteed at signing, per the report, making him the highest paid safety in the NFL history. As Dave Bryan has stated several times, Fitzpatrick’s extension likely would lower his 2022 cap hit by a few million, thus freeing up even more cap space for the Pittsburgh Steelers to get another contract extension done this offseason if they choose to do so.
This is what I projected for Minkah's contract so the structure should be pretty close to this.