BREAKING NEWS: LARRY JOHNSON SIGNS!

Larry Johnson ended his 25-day holdout Tuesday morning by finalizing a five-year extension that will keep him with the Chiefs through 2012. Johnson's contract is worth $45 million, with $19 million guaranteed. Of the guaranteed money, $12 million is the signing bonus and $7 million is guaranteed salary. Both sides were working on the deal Monday night. The final holdup was the payout over the first three years of the contract. Once that was resolved, Johnson decided to report and accept the Chiefs' proposal. Johnson reported to the practice field late Tuesday morning, put on his helmet and was ready for duty. There goes all of the rumors that he was being traded! Fantasy Side: Larry Johnson is now a 100% safe to pick second or third in a draft. UPDATE!: There are conflicting reports that Johnson may have signed a six year contract...I still go with my initial report that it was a five year contract extension.

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Anonymous August 21, 2007 at 5:15 PM  

one word WOW, they should have trade him to get picks wow.

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