The Browns are making sure one of their big-name acquisitions is around for the long haul -- but it won't come cheap.
The massive payout comes packed with a stunning $47 million guaranteed, an unexpected mountain of cash for a slot receiver and roughly $9 million more in guarantees than Mike Evans netted from the Bucs.
"I'm excited for the journey with my new teammates and building, one day at a time, starting with the offseason program on Monday," Landry said in a statement. "Let's be great Cleveland."
Landry was previously scheduled to play out the year under his $15.982 million franchise tag, but the Browns had hoped to work out an extension all along.
"Jarvis Landry is the type of football player we want on this team for a long time," general manager John Dorsey said in a statement. "Obviously, he's an accomplished playmaker, that's why we went after him in the trade but in his short time as a Brown we can already see the type of leadership and competitiveness he's going to bring to his teammates. We are very pleased that we've been able to secure him to a long-term contract."
Whether Landry is worth this kind of cash will certainly elicit strong opinions from self-styled Twitter hot-takers in the weeks and months to come. The Browns sit high atop the rest of the NFL with $70 million in cap space, but landed there through strict bookkeeping and a rash of jettisoned veteran contracts.
Dorsey has a reputation for big payouts, and only enforced that with this meaty contract for Landry, who led the NFL in catches last season but managed just 8.8 yards per reception, tied for 108th league-wide.