Cardinals, WR Larry Fitzgerald agree to new contract

0:40 | NFL
The Cardinals sign Larry Fitzgerald to multi-year deal
Wednesday February 18th, 2015

The Arizona Cardinals and Larry Fitzgerald agreed to a new contract, allowing the team to retain the eight-time Pro Bowler amidst salary cap concerns, general manager Steve Keim confirmed on Wednesday.

Keim said it is "essentially a two-year deal," and Pro Football Talk reports Fitzgerald will receive $11 million in guaranteed money each season. The team will create almost $13 million in cap space for next season, according to Pro Football Talk.

Fitzgerald, 31, was in the middle of an eight-year, $120 million contract with a $23.6 million salary cap hit next season.

Fitzgerald was the No. 3 pick in the 2004 draft and has played his entire career with the Cardinals. He is the franchise's all-time leader in catches (909), receiving yards (12,151) and touchdowns (89).

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Last season, he led the team with 103 catches and was second on the team with 784 yards. In 14 games, he set a career-low with two touchdowns.

The Cardinals finished 11-5 last season. After losing quarterbacks Carson Palmer and Drew Stanton to injuries, they lost to the Carolina Panthers in the Wild Card Round of the playoffs.

Let the offseason begin: Notable free agents in 2015

- Paul Palladino and Scooby Axson

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