The Baltimore Ravens have signed Mark Andrews to a four-year contract extension.

The tight end's deal is worth $56 million, according to a source.

At $14 million annually, Andrews becomes the third-highest-paid tight end in the league, behind George Kittle ($15 million) and Travis Kelce ($14.3 million).

Andrews was scheduled to be a free agent at the end of the season. He will receive $37.6 million in guaranteed money.