Pelissero adds that Waller’s deal is expected to be around $9 million per year.
He was set to be a restricted free agent and is in the middle of a breakout season after dealing with substance addiction earlier in his career, so the Raiders are clearly impressed enough to lock him down for the next few years.
Waller, 27, is a former sixth-round pick of the Ravens. He was in the third year of his four-year, $2.39 million rookie contract when Baltimore waived him coming out of the preseason and later signed him to their practice squad.
The Raiders signed him off the Ravens’ practice squad in November of last year and set to make a base salary of $720,000 this season before becoming a restricted free agent.
In 2019, Waller has appeared in five games and recorded 39 receptions for 359 yards receiving (9.7 YPC) and no touchdowns. Pro Football Focus has him rated as the No. 7 overall tight and out of 70 qualifying players.