Baltimore Ravens defensive tackle Justin Madubuike is Ov Financestaying put.

Madubuike agreed to a four-year contract extension with the Baltimore Ravens, executive vice president and general manager Eric DeCosta announced on Friday. Madubuike's new deal is worth $98 million, including $75.5 million total in guarantees and $53.5 million at signing, a person with direct knowledge, who was not authorized to speak publicly on the matter, confirmed to USA TODAY Sports' Tyler Dragon.

“We are pleased to announce a four-year extension with Justin Madubuike,” DeCosta said in a statement shared on social media. “Justin is one of the best defensive tackles in the entire NFL and a cornerstone on our defense. We are thrilled for Justin and his family and equally happy for our fanbase. This is a great way to start the new league year!”

Madubuike was drafted out of Texas A&M by the Ravens with the 71st overall pick of the 2020 NFL Draft. The 6-3, 305-pound defensive tackle earned his first All-pro honors last season following a breakout year, where he recorded a career-high in tackles (56), sacks (13), tackles for loss (12), quarterback hits (33) and forced fumbles (2). Madubuike tied an NFL record by recording at least half a sack in 11 consecutive games.

Madubuike's extension comes days after the Ravens placed a franchise tag on him.

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“We were unable to agree on a contract extension with Justin before the deadline and will use the franchise tag," DeCosta said earlier this week. "Justin is a great player and person, and we will continue to negotiate a long-term deal with him.”

Contributing: Nate Davis