Sherman will make $40m in guaranteed money as part of extension.
Seattle Seahawks star Richard Sherman has signed a four-year deal worth $57.4m which makes him the highest-paid cornerback in the NFL.
The 26-year-old announced the deal on his Twitter account on Wednesday and on his blog page on which he went into further details about the terms of the extension.
It is understood that the deal will pay Sherman an average salary of more than $14m, which exceeds the $12m that Darrelle Revis is making with the New England Patriots, while Sherman will also receive $40m in guaranteed money.
“The goal has always been to stay in Seattle and continue to play for the Seahawks,” he wrote on his blog, as reported by ESPN.
“With this chapter closed, I can continue to focus on what is important — defending our Super Bowl Championship and being the best cornerback in the NFL.”
The outspoken star went on to add that there is no other city or team that he would want to play for, and having now finalised his future, the Seahawks have successfully secured long-term deals for two stars of the Legion of Boom secondary.
Sherman joins safety Earl Thomas in signing a new extension after he became the highest-paid safety in the league last week with a contract that will pay him $40m over four years. Seattle have also secured the future of Michael Bennett as they reward their current roster.
Meanwhile, Sherman has insisted that he will not let money or his new deal affect his focus heading into the new season, and claims that he still has a chip on his shoulder when he remembers that 23 other cornerbacks were selected ahead of him in the 2011 draft.
The Seahawks ace had eight interceptions last season and was one of the most important players in Seattle’s first Super Bowl championship. While he did receive negative coverage with his rant after the NFC Championship Game last season, generally speaking his ability on the field is well appreciated.