The Atlanta Falcons made Drake London's long-term contract official, locking in their No. 1 wide receiver with one of the NFL's richest deals at the position.
Pro Football Rumors reported that London's four-year extension has a base value of $141 million and can reach $150 million through incentives. The update on June 12 added the contract structure: $83.2 million in new guarantees, with $52.87 million fully guaranteed at signing.
London Extension Carries Major Guarantees
The deal includes a $33.65 million signing bonus, according to Pro Football Rumors, which cited Over the Cap for the updated contract details. London's 2026 and 2027 salaries are fully guaranteed.
If London remains on Atlanta's roster on the fourth day of the 2027 league year, his 2028 salary of $36 million will vest. The same rolling guarantee mechanism applies the following year, and the contract also contains multiple option bonuses.
London can collect a $2 million roster bonus if he is still with the Falcons on the third day of the 2030 league year. The structure gives Atlanta several years of control while putting serious guaranteed money into the front end of the agreement.
Falcons Set New Franchise Salary Mark
The original agreement, reported by NFL Network and ESPN and summarized by Pro Football Rumors, put London's average annual value at $35.25 million. PFR reported that it is the highest average salary in Falcons franchise history.
That number places London among the NFL's highest-paid wide receivers. PFR listed Jaxon Smith-Njigba and Ja'Marr Chase ahead of him by annual value, with London just ahead of Justin Jefferson's $35 million average and tied with CeeDee Lamb in the $100 million guarantee range from the initial reporting.
The Falcons drafted London eighth overall in 2022, and the extension arrives after his best stretch as a pro. He posted 100 catches for 1,271 yards and nine touchdowns in 2024, then followed with 68 catches for 919 yards and seven touchdowns in 12 games in 2025.
Atlanta Keeps Its Passing Game Anchor
The practical value for Atlanta is continuity. London remains the team's primary receiver while the offense works through a quarterback competition between Michael Penix and Tua Tagovailoa, as PFR noted in its roster context.
Atlanta has changed pieces around him, including adding Jahan Dotson and bringing back Olamide Zaccheaus. The London extension keeps the clearest part of the receiving corps in place before training camp.
The deal also sets the next front-office priority. PFR reported that Falcons officials wanted to extend their two main offensive weapons, leaving running back Bijan Robinson as another eligible star who could become part of the team's long-term contract planning.