LeSean McCoy, Bills agree on huge contract extension worth $26.5 million guaranteed

Reports emerged on Saturday that the Buffalo Bills were in the process of finalizing a new contract with former Eagles running back LeSean McCoy. According to Jeff McLane of the Philadelphia Inquirer, the deal is now complete. And it's a whopper.

McCoy's new five-year contract will pay him $16 million in 2015 and up to $40 million overall. $26.5 million of that total value is guaranteed. That's a lot of money. The new deal makes him the highest paid player in the league at his position. Note that McCoy will turn 27 in July.

The Eagles unexpectedly traded McCoy away on Tuesday evening to the Bills in exchange for young stud linebacker Kiko Alonso. The trade will become officially finalized when free agency begins at 4:00 PM ET on March 10.

McCoy was scheduled to carry a cap number near $12 million in 2015 had the Eagles kept him. By trading him instead, Philadelphia saved over $8.5M.

Now it's up to the Eagles to find a replacement. The only thing that can be said for sure is that whoever they find certainly won't be making the kind of money that Buffalo just gave to McCoy.