Per Ian Rapoport, Jarrett will receive $42.5 million guaranteed on his new deal.
Jarrett signed his franchise tag earlier this offseason and the Falcons had until 4 p.m. ET today to sign him to an extension.
Jarrett’s $17 million average annual salary puts him just behind Eagles DT Fletcher Cox as the third-highest paid defensive tackle in the NFL.
The two sides made up significant ground in negotiations, as the deal went from being unlikely to hopeful to finished over the course of the day.
Jarrett, 26, is a former fifth-round pick of the Falcons back in 2015. He played out the final year of his four-year, $2.527 million contract and made a base salary of $1.907 million for the 2018 season.
In 2018, Jarrett appeared in 14 games for the Falcons and recorded 53 tackles, six sacks and three forced fumbles. Pro Football Focus has him rated as the No. 5 interior defensive lineman out of 118 qualifying players.