What happened: The new money averages $24 million per season. O'Neill is now under contract for the next five years.
Why it matters: The agreement settles a major roster priority before the 2026 season. It also raises O'Neill's compensation from his previous five-year, $92.5 million extension.
By the numbers: The $24 million annual average is $5.5 million higher than O'Neill's previous $18.5 million rate, an increase of nearly 30%.
What to watch: The guarantee and salary-cap structure will determine the deal's near-term roster impact.