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Russell Wilson is getting paid. 

The Seattle Seahawks have agreed to a contract extension with their quarterback to the tune of four-years $87.6 million.

The terms were first reported by Peter King of Sports Illustrated. 

More from King:

Seattle general manager John Schneider and Wilson’s agent, Mark Rodgers, beat a 1 p.m. Eastern Time deadline—the official start time for the first training camp practice of Wilson’s fourth NFL season—by agreeing to a four-year, $87.6 million contract extension, making Wilson, for now, the second-highest-paid player in NFL history.

The deal includes a $31 million signing bonus and approximately $60 million in guarantees.

The previous biggest contract signed in the NFL was Aaron Rodgers’ five-year, $110 million contract in 2013. That contract became a major stumbling block in these talks, because it was signed 27 months ago, when the NFL salary cap was $123 million. Now, with the cap up 17 percent over the last two years (it is $143.8 million this year), Rodgers was insistent that the new contract wouldn’t be soon overtaken if Wilson was going to commit to the Seahawks long-term. With the cap likely increasing up to $10 million a year over the life of Wilson’s deal, Rodgers surely argued, Wilson’s deal had to be in Aaron Rodgers’ league. Turns out it was $100,000-per-year less.

Wilson was scheduled to make $1.54 million this season in the fourth and final year of his rookie contract.

 

Rodgers had put a Friday deadline to get a deal done, stating talks would be cut off and Wilson would become a free agent next season. 

If no new contract was signed, Wilson faced being tagged as the franchise player next February.

Wilson commented on the deal Friday morning on Twitter.

The biggest hiccup in contract negociations stemmed from "new money," the cash up front and guarantees Wilson would receive, in addition to the debate over a yearly salary.

Wilson's agent didn't want his client to get a rich deal, similar to that of 49ers QB Colin Kaepernick, but be incentive laden without guarantees. 

Wilson will be under contract with the Seahawks through 2019.