The deal will pay him $20 million over the next two seasons, per Jeremy Fowler of ESPN.
Graham was originally set to make $13 million in 2021. Dave Zangaro of NBC Sports reported that "most of [the extension] comes in a signing bonus for cap purposes."
The 32-year-old has continued to be productive for the Eagles. He posted 46 tackles (13 for loss), eight sacks, 16 quarterback hits, two forced fumbles and a fumble recovery in 16 game for the Eagles last season. It was the third time in the past four years he's posted eight or more sacks.
Graham's counting stats may not jump off the screen, but he's long been an impact player off the edge, collapsing the pocket and serving as a solid run defender.
He's also a Philadelphia legend, as his strip-sack of Tom Brady in the fourth quarter of Super Bowl LII was one of the key plays in the team's only Super Bowl triumph.
It's no surprise that Graham isn't interested in ever playing anywhere else, as he told The Athletic's Zach Berman earlier in March:
"I don't want to go anywhere. I know I don't have long, but I know for me, I'm here in Philly. So when I'm (retired, I'm) either going to be working here or doing something in Philly to stay connected to the team. I don't want to mess that up by just dipping out when things got a little tough. But who knows how it's gonna go this year? Jalen (Hurts) might go in there and rock our world and lead this team down a road that I feel we could (go)."
After Monday's extension, it sure seems likely that Graham will finish his playing career in Philly.