INDIANAPOLIS - The first of the Buffalo Bills’ five key contract extension decisions this offseason was made Tuesday, and wide receiver Khalil Shakir has cashed in. Reports indicate the deal is four years with a total potential value of $60.2 million, though the key figure is $32 million guaranteed.

The #Bills and WR Khalil Shakir agreed to terms on a 4-year contract extension worth up to $60.2M, including $32M guaranteed at signing, per me and @TomPelissero. Deal negotiated by @EquitySports Co-Directors of Football Sam Mirza and Derek Hawkridge along with CEO Chris Cabott. pic.twitter.com/aSxpLmRVbF

Bills and wide receiver Khalil Shakir reached agreement on a four-year contract extension worth up to $60.2 million, including $32 million guaranteed at signing with $18 million paid in the first 12 months.