Report: Falcons sign WR Drake London to 4-yr, $141M extension

The Atlanta Falcons and wide receiver Drake London agreed to a four-year contract extension worth $141 million and $100 million guaranteed, ESPN reported Tuesday, citing London's agent.

London's new deal gives him an average annual value of $35.25 million, the third-highest mark among wide receivers behind only Seattle's Jaxon Smith-Njigba ($42.15 million) and Cincinnati's Ja'Marr Chase ($40.25 million) and the highest average per year in franchise history, according to ESPN. Smith-Njigba signed his extension with the Super Bowl champion Seahawks earlier this offseason.

The Falcons made London the eighth overall pick of the 2022 NFL Draft, and he had an immediate impact as a starter. He led the Falcons in receiving yards in each of his first three seasons before tight end Kyle Pitts beat him by just nine yards in 2025, with London playing five fewer games.

In 62 career games (60 starts), London, 24, has hauled in 309 receptions for 3,961 yards and 22 touchdowns for Atlanta. His best season was in 2024, when he played all 17 games and finished with career highs of 100 catches, 1,271 yards and nine TDs.

He'll play the 2026 season on his fifth-year rookie option, worth $16.82 million. The extension then takes him through the 2030 campaign.

Atlanta enters a new era this year with Kevin Stefanski as head coach and franchise legend and former quarterback Matt Ryan in a newly created role as president of football. Tua Tagovailoa was brought in to compete with Michael Penix Jr. for the starting quarterback job.

--Field Level Media