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Dez Bryant, Cowboys agree to 5-year, $70 million contract

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That's a lot of money.

Andrew Weber-USA TODAY Sports

Dez Bryant and the Dallas Cowboys have agreed on a new contract worth $70 million over five years, according to a report from Ian Rapoport of NFL media.

The contract includes $45 million in guaranteed money, according to ESPN's Chris Mortensen. That's a lot. For comparison, Calvin Johnson's top wide receiver deal is worth $48.8 million guaranteed.

There was pressure for Bryant and the Cowboys to get a deal done today because otherwise Bryant would have been forced to play out the 2015 season on the one-year, fully-guaranteed franchise tag tender. A long-term extension with a franchise player can not be negotiated between after today's 4:00 PM ET deadline until the end of the 2015 season.

Bryant publicly threatened the Cowboys he was going to skip training camp and even regular season games if he didn't receive a new contract by the deadline, but obviously that's not an issue now. Bryant won't be skipping anything now.

The Philadelphia Eagles will face off against Bryant in Week 2 and Week 9 of the 2015 NFL schedule.