The Detroit Lions and quarterback Jared Goff have agreed to a four-year, $212million extension that will make him the NFL's second-highest-paid player, multiple outlets reported Monday.

According to NFL.com, Goff's new deal will begin in 2025 and includes an option for the 2028 season. The Associated Press reports that the three-time Pro Bowler will receive $170m in guaranteed money.

Goff's average annual value of $53m per year during the extension is surpassed only by Cincinnati Bengals quarterback Joe Burrow for the highest in the NFL. Burrow will earn $55m per year on a five-year, $275m extension that begins this season.

The Lions have now locked up three core offensive players from a team that reached the 2023 NFC Championship game this offseason. Detroit previously signed top wide receiver Amon-Ra St. Brown to a four-year, $120m extension and All-Pro right tackle Penei Sewell to a four-year, $112m deal last month.

BREAKING: Lions signing Jared Goff to four-year, $212M extension. (via @TomPelissero) pic.twitter.com/9CPRfp53qx

— NFL (@NFL) May 13, 2024

Goff was entering the final season of a four-year, $134m contract he signed with the Los Angeles Rams in 2019. The Lions acquired the 29-year-old from the Rams in March 2021 as part of the blockbuster trade that sent long-time Detroit quarterback Matthew Stafford to Los Angeles.

The trade has worked out very well for both teams. While the Rams won a Super Bowl in Stafford's first season, the Lions have gone 21-13 with Goff at quarterback over the past two years and reached the play-offs for the first time since 2016 after going 12-5 and winning the NFC's North Division in 2023.

Detroit then recorded postseason wins over the Rams and Tampa Bay Buccaneers to earn the franchise's first appearance in the conference title game since 1991.

Goff's 4,575 passing yards in 2023 ranked second in the NFL and his 30 touchdown passes were the fourth-highest total in the league. Over his three seasons in Detroit, the 2016 No. 1 overall pick has compiled 12,258 passing yards with 78 touchdown passes and just 27 interceptions for a passer rating of 96.5.

Prior to his arrival with the Lions, Goff spent his first five seasons with the Rams. The best of those campaigns came in 2018, when he set career highs in passing yards (4,688) and touchdown passes (32) while leading the Rams to an appearance in Super Bowl LIII.