Much like Peyton Manning, receiver Larry Fitzgerald was finally awarded his long-awaited extension from the Cardinals. And much like the Colts’ All-World quarterback, the net worth of the new pact reached extraordinary proportions.

According to ESPN’s Adam Schefter, Fitzgerald will sign an eight-year, $120 million deal — that includes nearly $50 million in guarantees — with the Cards.

In one fell swoop, Fitz becomes the NFL’s highest-paid receiver, and will earn more guaranteed money than any non-quarterback in league history.

It’s certainly a jaw-dropping amount, though it’s been a long time coming for the five-time Pro Bowler.

Since Fitzgerald entered the league in 2004, he’s quickly established himself as a premier wideout, arguably top three in the NFL, along with the Johnson’s — Andre and Calvin.

In his seven years, all with ‘Zona, Fitzgerald has totaled 613 receptions, 8,204 receiving yards, and 65 receiving touchdowns, despite playing on some offenses that have lacked a capable supporting cast. An example of that came last season, when Fitz managed to haul in 90 passes for over 1,100 yards and six scores, even with Derek Anderson and John Skelton behind center.

Now that Kevin Kolb’s the established signal-caller, it should be a vast improvement over the likes of Anderson, who is mediocre — to say the least. Fitzgerald has a chance to significantly improve on his 2010 numbers, and possibly even blow past his previous career highs. Get used to it, because the combination of Kolb and Fitz will be a mainstay in the desert for years to come.

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