ESPN’s Adam Schefter reports the Falcons are signing TE Kyle Pitts to a three-year, $54 million contract with $36 million guaranteed.
Atlanta used the franchise tag on Pitts, which would have cost just over $15 million for the 2026 season. Instead, Pitts gets a new multi-year deal.
Pitts, 25, was a two-year starter at Florida and a first-team All-SEC selection as a sophomore and junior. He won the John Mackey Award for the best tight end in the country before the Falcons drafted him with the No. 4 overall pick in the 2021 NFL Draft.
He signed a four-year, $32,910,494 contract with the Falcons that includes a $21,294,905 signing bonus. The Falcons picked up a fifth-year option worth $10,878,000 for 2025.
Atlanta then franchised Pitts for the 2026 season at a sum of $15.045 million fully guaranteed.
In 2025, Pitts appeared in all 17 games for the Falcons and caught 88 passes for 928 yards and five touchdowns.
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