Larry Fitzgerald Will Sign Record Contract Extension With Arizona Cardinals, According To Report

The Arizona Cardinals and Larry Fitzgerald are close to a record-setting contract, according to ESPN's Adam Schefter. The wide receiver will reportedly sign an eight-year, $120 million deal with nearly $50 million guaranteed.

Fitzgerald was in the final year of a four-year, $40 million deal he signed with the Cardinals in 2007. His new guaranteed money will be the most given to a non-quarterback in the league. He will also be the highest paid wide receiver, making an average of $15 million a season. Arguably the best receiver in the league, Fitzgerald is just a few days away from turning 28 years old. He doesn't seem to be slowing down anytime soon.

With the addition of Kevin Kolb at quarterback, Fitzgerald must have a good feel for the direction of this offense. He would have hit the open market next offseason, but a reported clause in his contract would have prevented the Cardinals from placing the franchise tag on him.

For more on Fitzgerald and the Cardinals, visit Revenge of the Birds and SB Nation Arizona.