Drake London has landed his biggest haul yet.
The wide receiver and the Atlanta Falcons have agreed to terms on a four-year, $141 million contract extension that includes $100 million guaranteed and could be worth as much as $150 million, NFL Network Insider’s Ian Rapoport and ESPN’s Adam Schefter reported Tuesday.
London’s average annual salary of $35.25 million per year puts him third among the league’s highest-paid WRs, just above Justin Jefferson of the Minnesota Vikings, according to Over the Cap.
With questions coming into the season about who will get the bulk of the starts at quarterback in 2026 — Tua Tagovailoa or Michael Penix Jr. – new team president Matt Ryan and new general manager Ian Cunningham have rewarded Atlanta’s top target, regardless of who is going to throw him the ball.
Since landing in London with the No. 8 overall pick in the 2022 NFL Draft, Atlanta has found the USC product a reliable playmaker.
In his four NFL seasons, London is averaging 77.3 receptions for 990.3 yards and 5.5 touchdowns on the year, after leading the Falcons in receptions and receiving yards in his first three campaigns before missing time with an injury in 2025.
What London has been able to put on the field has been all the more impressive considering he’s had four different Week 1 starters pitch to him in as many years: Marcus Mariota, Desmond Ridder, Kirk Cousins and Penix. With Penix coming back from a knee injury, it’s quite likely that Tagovailoa could continue into the Week 1 starting lineup.