Hunter Renfrow reportedly signed a two-year, $32 million contract extension with the Raiders on Friday.
NFL Network's Tom Pelissero and Ian Rapoport claim that Renfrow's new deal contains $21 million in guaranteed money.
The Raiders drafted the 26-year-old Clemson product in the fifth round of 2019.
After two strong seasons (1,261 yards, 6 TDs in 29 games), he had a breakout year in 2021 with 103 catches for 1,038 yards and nine TDs in 17 games.
The Raiders made the playoffs with a 10-7 record, yet they still hired Josh McDaniels as their next head coach.
Renfrow said he's thrilled with McDaniels and offensive coordinator Mick Lombardi.
"Sometimes I can go too creative, so they're doing a terrific job of saying, 'This is why we're doing it, and we've got to keep inside the framework,'" he said. "I like being process-driven and precise."
Renfrow, who had an 80.6 overall grade from Pro Football Focus last season, will likely see his target share dip in 2022 after the acquisition of Davante Adams.
Adams, Renfrow, and Darren Waller should give the Raiders one of the NFL's most productive pass-catching trios and might push quarterback Derek Carr
who placed sixth with 4,804 passing yards last season, toward the top spot.
Renfrow will remain a crucial element of the offence, especially on third down, even if his targets drop into the 80s.