Chris Olave signs $132 million extension with New Orleans Saints

Yahoo Sports1 min read • Latest: Jul 30, 2026, 9:03 PM

Last updated Jul 30, 2026

Chris Olave signs $132 million extension with New Orleans Saints
Summary

Chris Olave has signed a four-year contract extension with the New Orleans Saints worth up to $132 million, which includes $90 million guaranteed. This deal highlights the growing discrepancy between Olave’s new contract and DeVonta Smith's current $75 million extension with the Philadelphia Eagles, which averages $25 million per year. Smith, who is expected to take on a larger role in the Eagles’ offense following A.J. Brown's departure, has established his value as the team's primary receiver. While the Eagles do not need to renegotiate Smith’s deal imminently, Olave’s extension raises questions about potential adjustments to Smith's contract in the future.

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Market Watch
  • Olave's extension averages $33 million per year, surpassing Smith's current deal.
  • Smith is coming off a season with over 1,000 receiving yards.
  • Eagles may consider adjusting Smith's contract as he takes on a bigger role.
  • Philadelphia's early extension of Smith is increasingly favorable for the organization.
  • Olave set career highs with 100 catches and 1,163 receiving yards last season.
Latest Updates
  • 9:03 PMYahoo SportsChris Olave's $132M deal strengthens DeVonta Smith’s case for a raise
What they're saying
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Chris Olave’s $132 million extension shows how far the receiver market has moved beyond DeVonta Smith’s current Eagles deal.

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