Jalen Richard, Raiders Agree to 2-Year Contract Extension Worth Reported $7M

The Las Vegas Raiders announced Wednesday they have agreed to a two-year contract extension with running back Jalen Richard. NFL Network's Ian Rapoport reported the deal is worth $7 million.

Rapoport noted Richard's new deal includes $4.6 million in fully guaranteed money and can reach a maximum value of $8 million.

The veteran running back was set to be a free agent after he signed a one-year, $3 million deal to stay with the Raiders for the 2019 season.

Richard ran for a career-low 145 yards last season, though his role in the running game diminished following the arrival of first-round draft pick Josh Jacobs. Jacobs was runner-up for the Associated Press' Offensive Rookie of the Year award after rushing for 1,150 yards and seven scores.

Richard will once again serve as the backup and receiving alternative to Jacobs out of the backfield. He caught 36 passes for 323 yards last year and was especially effective in 2018 (68 receptions, 607 yards).

The 26-year-old has been durable as well, making 64 straight appearances since the team signed him as an undrafted free agent in 2016.

By taking care of Richard's contract now, the Raiders prevent the possibility that other teams approach him when the window to negotiate with upcoming free agents opens March 16.