Chris Olave agrees $132m Saints extension with $90m guaranteed

Chris Olave has agreed a four-year contract extension with the New Orleans Saints worth up to US$132 million, with US$90 million guaranteed. Source 1Source 4 The deal, announced on 30 July, carries a US$33 million average annual value and places the receiver joint-sixth at his position by that measure. Source 1Source 2

What happened

The Saints announced on 30 July that they had agreed terms with Olave on a multi-year extension, with executive vice-president/general manager Mickey Loomis confirming the club’s agreement. Source 3 Reports put the agreement at four years and up to US$132 million, while listing US$90 million in guarantees. Source 1Source 2Source 4 Spotrac lists the average annual salary at US$33 million. Source 2 The extension runs through the 2030 season, after which Olave would be due to become an unrestricted free agent in 2031. Source 2

Olave is 26 and was the 11th overall selection in the first round of the 2022 NFL Draft after playing at Ohio State. Source 2 His new agreement arrives after a 2025 season in which he posted 100 receptions, 1,163 receiving yards and nine touchdowns. Source 2

Why it matters

At US$33 million per year, Olave is tied for sixth among the NFL’s highest-paid wide receivers in average annual salary. Source 1 His 2025 output also included 156 targets, 289 yards after the catch and 53 receiving first downs, and he did not fumble. Source 5 Those figures followed a 2024 season of 32 catches, 400 yards and one touchdown. Source 6 In 2023, Olave recorded 87 catches for 1,123 yards and five touchdowns, including 16 receptions of more than 20 yards. Source 7

The deal gives the Saints a contract running through 2030 for a player who produced 100 catches and nine scores in 2025. Source 2 It also comes after New Orleans finished 6-11, fourth in the NFC South, in 2025, scoring 306 points and conceding 383 for a minus-77 points differential. Source 8 The extension therefore pairs a major financial commitment with the team context of a fourth-place divisional finish last season. Source 2Source 8

What’s next

Olave enters the 2026 season with his cap hit and base salary listed at approximately US$15.493 million under the extension. Source 2 The stated term means his contract now covers the 2026 through 2030 seasons. Source 2 The next free-agency point identified in the reported terms is 2031, when he would become unrestricted. Source 2

The Saints’ announcement confirms that terms have been agreed, while the reported financial details establish the total maximum value, guarantees and annual average. Source 1Source 2Source 3Source 4

Notes

The reported US$132 million figure is a maximum value described as up to that amount, while the US$90 million guarantee is separately specified. Source 1Source 4 The supplied contract information gives a 2026 cap hit and base-salary figure, but does not provide a season-by-season breakdown beyond that entry. Source 2 The Saints’ official announcement confirms the agreement without adding further financial terms in the material provided. Source 3