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Greg Olsen signs 2-year contract extension with Panthers

If Monday Night Football wants Greg Olsen, they're going to have to wait.

CHARLOTTE, N.C. – If Monday Night Football wants Greg Olsen, they’re going to have to wait.

Tight end Greg Olsen signed a two-year contract extension with the Panthers through the 2020 season, the team announced Thursday evening.

According to a report from ESPN’s Adam Schefter, Olsen's two-year contract extension is worth $8.55 million per year, with a max value of $10.05 million per season. Olsen was set to enter the final year of a three-year deal with the Panthers this season with a base salary of $6.5 million.

The deal could make Olsen the NFL’s highest-paid tight end. In March, it was reported that Olsen auditioned with ESPN for a Monday Night Football analyst position. Earlier this month, Olsen tweeted that he wanted to play for the Panthers for several more seasons.

Olsen's NFL record streak of consecutive 1,000-yard seasons was snapped after he suffered a broken foot in Week 2 of last season. The 33-year-old missed eight games while rehabbing that injury and finished the year with a career-low 191 receiving yards.

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