In a last-minute deal before the franchise tender was scheduled to kick in on Wednesday, running back Derrick Henry and the Tennessee Titans agreed to a contract extension, a league source has confirmed to TitanInsider.com.
The deal, first reported as being completed by Jay Glazer of FoxSports, is reportedly for four years and $50 million with $25.5 million guaranteed, according to Adam Schefter of ESPN.
The Titans had placed a $10.278 million franchise tag on their star running back, and he signed the tender back in April, though both sides were expected to work on a long-term contract extension. The 3 p.m. CT deadline on Wednesday was rapidly approaching, and though the sides had not been close to a deal as late as last week and earlier this week, according to reports, the Titans and Henry’s agents were able to close the gap in the waning hours before the deadline.
Henry was the lynch pin of the Titans offense last season as he won the NFL rushing title with 1,540 yards in 2019. Henry also led the NFL with 165 rushing touchdowns last season. Henry also had two 100-yard rushing games in the postseason as the Titans made an unexpected run as a No. 6 seed to the AFC Championship Game last season. In five playoff games in his NFL career, Henry has posted 630 yards rushing and three touchdowns.
Henry, a second-round pick from Alabama in 2016 after winning the 2015 Heisman Trophy playing for the Crimson Tide, emerged in 2018 as the Titans’ go-to running back and became the focal point of the offense last season.
With the signing of Henry, the Titans have now extended the contracts of two of the most important pieces from their offensive success from last season. Earlier in the off-season, quarterback Ryan Tannehill, who was also set to become a free agent, signed a four-year, $118 million extension with Tennessee in March.