Phoenix, Arizona - After his first playoff appearance, the Cardinals' star quarterback Kyler Murray agreed to a massive five-year contract extension on Thursday to stay in Arizona until 2028.

The Arizona Cardinals and its quarterback Kyler Murray have finally agreed on a new contract extension, the team announced on Thursday.

Though the Cardinals didn't reveal any financial negotiations, ESPN's Adam Schefter has claimed the contract deal includes a $230.5 million payout with a $160 million guarantee.

The extension will go through 2028 and make the Pro-Bowl quarterback the second-highest paid quarterback in the NFL, averaging $46.1 million a year – trailing only behind the Packers' Aaron Rodgers.

The deal comes at the start of Murray’s fourth season with the Cardinals. He made his first playoff appearance in 2021 after an 11-6 season with the team.

Arizona eventually lost to the Los Angeles Rams in the NFC wild-card round, and the Rams later went on to win the Super Bowl.

Murray's extension ends long-running offseason drama between the star athlete and Arizona, who's been at the center of the league's rumors when it comes to player contracts and possible trades ahead of next season.

In 2019, Murray became the first overall pick and was named NFL Offensive Rookie of the Year following his stellar season performance. With Murray's help, the Cardinals' win total has steadily improved, as the team made the playoffs last season for the first time since the 2015.