The Bills' Twitter account has the news:
Mike Ginnitti of Spotrac gives us the monetary details surrounding the new deal:
With the preseason now halfway over, there were steadily growing concerns about when Byrd would return. Missing training camp and the preseason is not only potentially detrimental to a player being in game shape, but with the addition of new head coach Doug Marrone and new defensive coordinator Mike Pettine in the offseason, it was also crucial to get Byrd back with the team as soon as possible.
He had to sign his franchise tender before the start of the regular season to make all of his $6.916 million, so most believed this was always an inevitability.
Fortunately for the Bills, the 26-year-old at least decided to return with a couple of weeks remaining until the start of the regular season rather than just a couple of days.
In four seasons, the University of Oregon product has established himself as one of the best ball-hawking coverage safeties in the league, racking up 18 interceptions—including five in 2012—and 27 pass deflections.
However, while he is an elite playmaker with a innate nose for the ball when it's in the air, he has noticeably improved in the run game over the years, continually becoming a more impressive all-around player.
Byrd made the Pro Bowl in 2009 and 2012 and was named to the All-Pro Second Team last season.
As he looks to prove that he should be paid in the same range as Troy Polamalu, Eric Berry and Dashon Goldson next March, don't be surprised if he turns in a big year in Buffalo.