Saints WR Chris Olave gets multi-year extension

NASHVILLE, TENNESSEE - DECEMBER 28: Chris Olave #12 of the New Orleans Saints celebrates with teammates after catching a pass for a touchdown during the third quarter of the game against the Tennessee Titans at Nissan Stadium on December 28, 2025 in Nashville, Tennessee. (Photo by Wesley Hitt/Getty Images) | Getty Images

The New Orleans Saints have agreed to terms with first-round WR Chris Olave on a new contract extension.

Adam Schefter reports the extension is for four years and worth $132 million, including $90 million guaranteed.

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Just in: Saints are signing WR Chris Olave to a four-year extension worth up to $132 million, including $90 million guaranteed, his agents Drew and Jason Rosenhaus, and Robert Bailey, tell ESPN. pic.twitter.com/YrExVcnt4H

— Adam Schefter (@AdamSchefter) July 30, 2026

The deal averages $33 million per year and makes Olave the sixth-highest-paid wide receiver in the league, behind Jaxon Smith-Njigba, Ja’Marr Chase, Drake London, Justin Jefferson, and CeeDee Lamb.

This is a great deal for both sides. Olave gets the long-term contract he was looking for, and the Saints secure a vital weapon for their young, up-and-coming quarterback, Tyler Shough.

The Saints have had a pretty successful offseason, and this closes another major chapter as they enter the early stages of training camp.

How do you feel about Olave’s contract extension? Do you think the Saints underpaid, overpaid, or got it just right?

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