T.Y. Hilton and the Indianapolis Colts have agreed upon a five-year, $65 million deal with $39 million in guaranteed money.

Hilton's $39 million guaranteed is nearly twice as much guaranteed money as any other player on the Colts roster.

"It's a great day for the Indianapolis Colts, T.Y. Hilton and his family," Colts general manager Ryan Grigson said in a statement. "We're extremely happy as an organization to ensure that T.Y. will continue to be a part of our journey for many years to come. His daily excellence on and off the field is a shining example of an individual striving for greatness and what it truly means to be a Colt."

 

Hilton is coming off his first Pro Bowl appearance after posting 82 receptions for 1,345 yards last season.