Carolina Panthers star Christian McCaffrey is signing a four-year extension, averaging $16 million per year, making him the highest-paid running back in NFL history.

Dallas Cowboys running back Ezekiel Elliott had been the NFL’s highest-paid running back at $15 million per year. McCaffrey’s extension beats Elliott’s mark and sets a new, higher standard for the running back position.

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McCaffrey’s contract extension ties him to Carolina through the 2025 season. McCaffrey is scheduled to become a free agent again at the age of 29.

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