General Manager Ruston Webster said in a statement (h/t Nate Davis of USA Today):
The goal is to keep a core of talented young players together and let them grow and Griff fits in that group. He showed a great deal of professionalism in how he dealt with this situation and he is invested in making this team better.
Griffin was the Titans' first-round pick in the 2007 NFL draft out of the University of Texas. He signed a franchise tender with the team back in March.
As stated by Webster, Griffin is a big part of the Titans' young core of players. He is a leader on the defensive side of the ball. This move will have a positive affect on all interested parties.
This is just another example of a player going about his business the right way and being rewarded for it.
Congratulations to Michael for his new contract! I know fans in Nashville are excited that the Titans have locked him up the way he locks down on opposing receivers.
*UPDATE: NFL sources and CBS Sports are reporting the contract at five years, $35 million with $15 million guaranteed.