What happened: The Atlanta Falcons and tight end Kyle Pitts reached agreement on a three-year, $54 million contract that includes $36 million fully guaranteed, per ESPN. The deal is the largest three-year contract for a tight end in NFL history. Pitts is represented by David Mulugheta and Andre Odom of Athletes First.

Why it matters: The agreement settles Atlanta's biggest remaining offseason question after the franchise tag was applied this spring, locking up a former top-five pick on a long-term basis. It continues a run of core extensions in Atlanta as the Falcons commit to their young pass-catching group heading into the 2026 season. At an average of $18 million per year, the deal reorders the upper tier of the tight end market.

What to watch: Attention now turns to whether Atlanta can finalize a long-term extension for running back Bijan Robinson after locking up Pitts and Drake London. The structure of the guarantees will set a new reference point for tight end negotiations across the league.