Chris Olave has signed a $132 million contract extension with the New Orleans Saints, a deal that guarantees $90 million and places him among the highest‑paid receivers in the league.
A pivotal offseason move
The agreement follows a breakout 2025‑26 season in which Olave amassed 100 receptions for 1,163 yards and nine touchdowns, while his target share reached 29% and his end‑zone share climbed to 48%.
Quarterback Tyler Shough, who assumed the starting role mid‑season, showed signs of growth that could unlock even more production for Olave in the upcoming campaign.
The Saints' offense also welcomes new pieces such as eighth‑overall draft pick Jordyn Tyson and running back Travis Etienne, both of whom are expected to compete for targets and add depth to the attack.
Veteran analyst Adam Schefter highlighted the move on social media, noting that the team's EPA per dropback improved to 19th after Shough's takeover, suggesting the unit could rise in efficiency.
Among the supporting cast, Jaxon Smith‑Njigba, Drake London, Spencer Rattler and Drake Maye are all slated to feature prominently, while fantasy analysts project Olave's ADP at 31.2 overall, making him a compelling late‑round value.
With the regular season on the horizon, Olave says he is fully prepared to hit the ground running, and the Saints' front office believes the revamped attack could be undervalued heading into draft season.