Broncos, WR Courtland Sutton agree to four-year, $92 million extension, per sources

Sean Payton wasn’t kidding.

Just about an hour after he said the Broncos and top receiver Courtland Sutton were “real close” to a contact extension, the deal is done.

The sides agreed Monday to a four-year extension worth $92 million, multiple sources confirmed to The Post.

The deal tacks four years onto the final year of Sutton’s 2021 extension, meaning he’s now tied to the Broncos through the 2029 season.

The $92 million in new money mirrors a deal done this offseason between Tennessee and Calvin Ridley.

The extension averages $23 million per season, which puts Sutton tied for 18th in the NFL in terms of average annual value.

Over the Broncos’ practices Saturday and Monday, Sutton participated in individual work and early practice walk-throughs but did not take any repetitions in full-speed, 11-on-11 work.

That, it turns out, is not because he’s holding out or protesting his contract status.

In fact, since he took some team reps on Friday, his representatives and the Broncos had been moving toward the finish line of an agreement.

Sutton had expressed confidence he’d get a contract extension since the spring. Back in April he said he thought the conversations were headed in a positive direction. That alone represented a tone shift from a year ago, when Sutton skipped the voluntary portion of the Broncos’ offseason schedule and eventually settled for adding $1.7 million in earnable incentives to his 2024 deal.

Sutton cashed in $1.5 million of those incentives by putting together perhaps his best season as a professional. The 2018 second-round draft pick quickly became the go-to target for then-rookie quarterback Bo Nix.

He caught 81 passes on 135 targets for 1,081 yards and eight touchdowns and helped the Broncos to their first playoff berth of his tenure here.

This story will be updated.

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