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Lions Free Agency 2012: Calvin Johnson Extension Worth $132 Million, $60 Million Guaranteed, According To Report

The recently-signed seven-year contract extension for Lions wide receiver Calvin Johnson will be worth $132 million, including$60 million in guaranteed money, according to ESPN's Adam Schefter. That overall contract value marks the most expensive deal for a receiver in NFL history, and eclipses the fat extension given to Larry Fitzgerald by the Cardinals last offseason by over $10 million.

The deal will be officially announced later Wednesday at a press conference, but locking Johnson up is a major move for the franchise. He'll now be in a Lions uniform through the 2019 season, and the deal will likely afford the Lions some short term salary cap flexibility.

Johnson was picked with the number two overall selection by the Lions in the 2007 draft out of Georgia Tech.

For more on the Detroit Lions, check out Pride Of Detroit. For more on the NFL free agency in general, head to the specialized hub for 2012 NFL free agency or sbnation.com/NFL.