Drake London just got paid. And somewhere in Los Angeles, Puka Nacua’s agent is smiling.
The Atlanta Falcons made it official Tuesday, signing London to a four-year, $141 million deal, worth up to $150 million with incentives, including $100 million guaranteed, at $35.25 million per year.
The extension makes London the third-highest paid receiver in the NFL behind Seattle Seahawks’ Jaxon Smith-Njigba and the Cincinnati Bengals’ Ja’Marr Chase.
New GM Ian Cunningham had called extending London “top of mind” since day one, and he delivered.
The deal ends the uncertainty and sends a clear message that the Falcons’ offense is being built around London for the long haul.
Earlier this offseason, the Seahawks set a new benchmark when Jaxon Smith-Njigba signed a four-year, $168.6 million deal, making him the NFL’s highest-paid receiver at $42.15 million per year.
London checks in well below that ceiling, but above where Justin Jefferson ($35 million) and CeeDee Lamb ($34 million) sit, which is elite company for a player who just turned 24.
Since 2024, London ranks ninth in receptions (168), 10th in receiving yards (2,190), and tied for fifth in touchdowns (16) among all receivers in the NFL.
Now, about Puka Nacua.
Nacua led the NFL with 129 receptions in 2025 while totaling a career-high 1,715 receiving yards and 10 touchdowns, and is now entering the final year of his rookie contract.
PFF graded Nacua as the No. 1 receiver in football in 2025, leading all receivers in yards per route run (3.57), first downs (97), and catches of 20 yards or more (32).
He then added 24 catches for 332 yards and two touchdowns across three postseason games.
The widespread expectation is that Nacua is in line for a record-setting extension that will likely eclipse what JSN signed with Seattle.
With London now at $35.25 million and JSN at $42.15 million, Nacua’s number lives somewhere in that range, and his camp will argue aggressively that it should be closer to the top.
The catch is that Nacua’s offseason has been anything but clean. A civil lawsuit was filed against Nacua alleging that he bit a woman and made an antisemitic statement on New Year’s Eve, and the NFL has said, “the matter is under review.”
The Los Angeles Rams have yet to agree to an extension with him, and it remains unclear when they might do so as he deals with these off-field issues.
Nacua himself said at OTAs that he “hasn’t really thought about” the contract.
But London’s $141 million extension just made the urgency real for L.A., as every WR deal that gets done will only further raise Nacua’s price tag.