The New Orleans Saints have reached an agreement on a five-year contract extension with center Erik McCoy, according to a source.

The extension includes $63.75 million in new money with $40 million guaranteed. The average of $12.75 million per year would make him one of the highest-paid centers in the league.

McCoy, 25, was entering the final season of the rookie deal he signed as a second-round pick in 2019.