Multiple reports are coming out, namely from Adam Schefter, concerning a contract extension which has apparently made him the highest paid tight end in NFL history. The deal is for $23M guaranteed, with a total of $37M. The pay is distributed over six years total, with the extension.
It appears to be a good move, even after just one season of an ultra-productive Vernon Davis. Some feel as though he's the real deal at this point, and apparently the 49ers front office feels the same way as they do. Apparently, if you at least match a record high for any good stat (I say good because one David Carr holds a certain record, as we all know) you deserve to be one of the, if not the, highest payed players at the position. It seems like a sensible line of thought.
In 2009, Davis tied the record for most receiving touchdowns by a tight end in a single season, and now shares the record with San Diego Chargers tight end Antonio Gates, who previously was the highest paid tight end in the league before this extension.
This stream will be used for any and all transactions and extensions pertaining to the 49ers and Raiders throughout the season.