Jones, 26, will receive $71.25 million over the life of the deal, with $47.5 million guaranteed, sources told ESPN’s Chris Mortensen.
“I didn’t have any doubt in my mind that we were going to get it done,” Jones said. “Whether it was this year or next year, we were going to get a deal done. I want to be a Falcon for the rest of my career, and Mr. Blank let it be known that he wanted me here as well.”
The two-time Pro Bowl receiver was in the final year of his contract and set to make $10.176 million for the 2015 season. His new contract follows the five-year, $70 million extensions signed by Dallas Cowboys receiver Dez Bryant and Denver Broncos receiver Demaryius Thomas earlier this summer.
Talks between the Falcons and Jones’ camp stalled last week but were “jump-started” Saturday morning, sources said.
“Julio is the type of young man we value, and this contract reflects that,” owner Arthur Blank said.
Blank made clear the team’s intent to re-sign Jones when he addressed the media during training camp.
“We expect Julio to be a lifer for the Falcons,” he said.
The extension is the first step in making that a reality.
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