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Saints and Chris Olave Expected to Reach Contract Extension Before Week 1

Securing Olave would convert his $15.49 million fifth‑year option into a long‑term deal and protect New Orleans from rising receiver market costs.

Overview

  • Multiple outlets in late July report an expectation that the Saints and wide receiver Chris Olave will finalize a multiyear extension before the 2026 regular season begins.
  • If no new deal is signed, Olave is slated to play on his fifth‑year option in 2026, which would pay him $15.49 million and count as the team’s largest cap charge for the year.
  • Olave is cleared for padded practices at training camp and said he aims to have a contract in place by the start of camp, though he has not announced any plans for a hold‑in if talks stall.
  • Olave’s 2025 breakout of 100 catches for 1,163 yards and nine touchdowns has pushed him into elite young‑receiver talks, but durability questions from 2024 and spring blood clot issues make 2026 a proving year.
  • A long‑term deal would lock the Saints’ top receiver into the offense built around starter Tyler Shough and shield New Orleans from continuing market inflation that has lifted recent rookie‑era receiver contracts.