According to Mike Garafolo of NFL Network, the deal carries $30.75 million base value and a max value of $34.5 million, with $21.75 million guaranteed. The 28-year-old is coming off his best season of his career with 50 catches for 548 yards and three touchdowns. He’ll be a safety valve for Derek Carr — or whomever ends up at quarterback for the Saints — and be a solid, if unspectacular, tight end option for the 2025 campaign.

Johnson led the Saints in both targets and catches, doubling the next-closest player in each category. He could have had a much bigger day too, but he dropped a potential 15-yard catch and had a 40-yard catch called back due to a holding penalty. It certainly doesn’t make us feel good to trust Spencer Rattler in fantasy leagues, but if you’re still playing in Week 18, Johnson has a big enough role that he could be a useful fantasy option at tight end.

That makes back-to-back “LP” designations for the 6-foot-4 tight end. He’s coming off a game where he only received two targets in the blowout defeat to the Packers, and his fantasy value is extremely limited if he does get the chance to go in Week 17 against Las Vegas.