Overview
- The New Orleans Saints and Chris Olave agreed to a four‑year extension reported to max out at $132 million with a $35 million signing bonus.
- Olave’s 2026 base salary was cut to about $1.29 million and his 2026 cap hit is estimated near $8.29 million, creating roughly $7.2 million in immediate cap savings versus his prior guaranteed fifth‑year option.
- Reports say $52.653 million is fully guaranteed at signing with guarantees rising to about $77.013 million by 2027 and $90 million by 2028, giving the team staged financial commitment over the short term.
- The contract includes roughly $1.36 million per year in per‑game roster bonuses (about $80,000 per game) plus $2 million of performance escalators tied to Pro Bowl, All‑Pro and volume milestones to protect the Saints if Olave misses games.
- Olave ends his training‑camp hold‑in and is set as the Saints’ WR1 while the deal locks him to New Orleans through 2028 with a practical decision point for the club entering 2029.