NFL Network and ESPN reported on Tuesday night that the Los Angeles Rams and quarterback Jared Goff are finalizing a four-year contract extension.
Update (8:40 p.m. ET): The Rams announced on Twitter that they have agreed to terms with Goff on a four-year extension.
Update (9:25 p.m.): Adam Schefter of ESPN reported that Goff’s new contract totals $134 million and a record $110 million guaranteed, which is the most money ever guaranteed to a player in a single contract.
The deal ties Goff, the No. 1 pick in the 2016 draft, to the Rams through the 2024 season.
It also ties Goff to head coach Sean McVay and general manager Les Snead: McVay and Snead signed contract extensions through 2023 last month, and it was Snead who drafted Goff in 2016, when Jeff Fisher was still coach of the Rams.
Jared Goff throughout his NFL career
Jared Goff throughout his NFL career
Jared Goff posa con el comisionado de la NFL Roger Goodell, luego que los Rams de Los Ángeles lo reclutaron como la primera selección del draft, el jueves 28 de abril de 2016 (AP Foto/Charles Rex Arbogast)
Los Angeles Rams head coach Jeff Fisher, left, Jared Goff and general manager Les Snead pose for photos after Goff was introduced by the team as the first pick in the first round of the NFL football draft, in Los Angeles, Friday, April 29, 2016. (AP Photo/Damian Dovarganes)
Los Angeles Rams quarterback Jared Goff passes during warmups before an NFL football game against the Seattle Seahawks, Thursday, Dec. 15, 2016, in Seattle. (AP Photo/Elaine Thompson)
Los Angeles Rams quarterback Jared Goff (16) leaves the sideline with an injury in the second half of an NFL football game against the Seattle Seahawks, Thursday, Dec. 15, 2016, in Seattle. (AP Photo/Scott Eklund)
Los Angeles Rams quarterback Jared Goff throws a ball to construction workers while visiting the team's new NFL football stadium Thursday, June 14, 2018, in Inglewood, Calif. Coach Sean McVay scrapped the final practice of minicamp and took his players and coaches on a tour of their multibillion-dollar stadium, which will open for the 2020 season. (AP Photo/Jae C. Hong)
Los Angeles Rams coach Sean McVay talks to quarterback Jared Goff during NFL football practice Friday, July 27, 2018, in Irvine, Calif. (AP Photo/Jae C. Hong)
Los Angeles Rams head coach Sean McVay celebrates with quarterback Jared Goff (16) after a touchdown during the first half of an NFL football game against the Denver Broncos, Sunday, Oct. 14, 2018, in Denver. (AP Photo/Joe Mahoney)
FILE - In this Nov. 19, 2018, file photo, Los Angeles Rams quarterback Jared Goff looks for a receiver during the second half of the team's NFL football game against the Kansas City Chiefs in Los Angeles. The Rams' offense has been among the NFL's best, with Goff and Todd Gurley running coach Sean McVay's innovative schemes to perfection for long stretches of the Rams' best regular season since 2001.(AP Photo/Kelvin Kuo, File)
FILE - In this Jan. 12, 2019, file photo, Los Angeles Rams quarterback Jared Goff looks to pass during the first half of the team's NFL divisional football playoff game against the Dallas Cowboys in Los Angeles. The Rams have agreed to a four-year contract extension through the 2024 season with Goff. The former No. 1 overall draft pick led the Rams to the Super Bowl last season. He is a two-time Pro Bowl selection under coach Sean McVay’s tutelage. (AP Photo/Jae C. Hong, File)
Philadelphia Eagles quarterback Nick Foles, right, greets Los Angeles Rams quarterback Jared Goff after the Eagles win during an NFL football game Sunday, Dec. 10, 2017, in Los Angeles. (AP Photo/Kelvin Kuo)
FILE - In this Dec. 17, 2017, file photo, Los Angeles Rams quarterback Jared Goff (16) signals to his team as Seattle Seahawks defensive end Michael Bennett (72) watches during the first half of an NFL football game in Seattle. Goff, the second-year pro coming off a transformative 3,804-yard season, is eager to face off with Atlanta Falcons quarterback Matt Ryan, who is in the playoffs for the sixth time in 10 years. Both teams have a wealth of offensive playmakers, from Rams MVP candidate Todd Gurley to star Falcons receiver Julio Jones. (AP Photo/John Froschauer, File)
Los Angeles Rams quarterback Jared Goff wears an NFC West Division championship shirt as he answers questions during a news conference after an NFL football game against the Tennessee Titans Sunday, Dec. 24, 2017, in Nashville, Tenn. The Rams won 27-23. (AP Photo/James Kenney)
NFL players Jared Goff, of the Los Angeles Rams, left, and Patrick Mahomes, of the Kansas City Chiefs, accept the award for best game on behalf of their teams at the ESPY Awards on Wednesday, July 10, 2019, at the Microsoft Theater in Los Angeles. (Photo by Chris Pizzello/Invision/AP)
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The 24-year-old Goff has flourished under McVay and was named a Pro Bowler each of the last two years, as the Rams went 24-7 with him as starter and advanced to Super Bowl LIII in February.
Over the last two seasons, Goff completed 63.6 percent of his passes with 60 touchdowns against 19 interceptions.