Wide receiver Sterling Shepard was set to enter the final year of his contract, which paid a base salary of $1.2 million.
The New York Giants are set to ensure Shepard is around for a few more years with a larger paycheck.
Like Tate, the 5-foot-10, 203-pound Shepard does most of his damage out of the slot.
The Giants, however, clearly view Shepard as more than a slot receiver given the extension and the absence of Beckham on the outside could signal a bigger role in the passing game for Shepard.
On his career, Shepard has 190 catches for 2,286 yards and 14 touchdowns, averaging 12 yards per reception.