The deal will have an average annual value of $27 million, a source said, putting Stafford ahead of the five-year contract that pays $25 million annually to Oakland Raiders quarterback Derek Carr, which Carr signed last month.
A source told ESPN’s Adam Schefter that Stafford’s deal is expected to guarantee him a record $92 million, including a $50 million signing bonus. The previous record for guaranteed money issued to an NFL player was $87 million for Andrew Luck of the Indianapolis Colts.
The Lions on Monday night announced they had agreed to the five-year deal with Stafford without stating the financial terms. The deal keeps Stafford, the Lions’ franchise leader in almost every passing category, with the team throughout the prime of his career.