This contract will keep Slay under team control through the 2020 season.
Slay mentioned previously that he would like to end up as one of the top-seven highest paid cornerbacks in the NFL, and looks like he managed to secure the type of contract he was looking for in the end.
At $12.55 million per year, Slay will just edge out Janoris Jenkins’ contract with the Giants.
Slay, 25, was taken in the second round of the 2013 NFL draft. He is entering the final year of his four-year, $5.289 million rookie contract and is in line to make a base salary of $976,269 in 2016.
In 2015, Slay appeared in all 16 games for the Lions and recorded 59 tackles, two interceptions, and 13 pass defenses. Pro Football Focus has him rated as the No. 2 cornerback out of 118 qualifying players.