Hilton signs extension with Colts

The Indianapolis Colts have agreed to a five-year contract extension with Pro Bowl wide receiver T.Y. Hilton on Thursday.

The deal is worth $65m, $39m of which is guaranteed, according to the player's agent Drew Rosenhaus.

After three NFL seasons, Hilton holds Colts records for most receptions (214), receiving yards (3,289) and 100-yard receiving games (16) and has grown into Andrew Luck's No 1 receiver, highlighted by a Pro Bowl campaign in 2014.

"The Colts showed interest that they wanted me and I also wanted to be here," Hilton said. "There's no place I'd rather be than here. This organization is great. I love being here.

"I didn't want to go into the season with it on my mind. I'm ready to play. Go to practice and give it my all."

Hilton was entering a contract year and there was speculation the Colts would let him leave after selecting University of Miami receiver Phillip Dorsett in the first round of the draft and signing former Texans star Andre Johnson to a three-year, $21m deal in free agency.

But the Colts showed their commitment to the player by giving him a deal which is worth just $1m less annually ($13m) than the five-year, $70m contracts ($14m) recently signed by 2014 All-pro wide receivers Dez Bryant and Demaryius Thomas.

"It's a great day for the Indianapolis Colts, T.Y. Hilton and his family," Colts general manager Ryan Grigson said in a statement.

"We're extremely happy as an organization to ensure that T.Y. will continue to be a part of our journey for many years to come.

"His daily excellence on and off the field is a shining example of an individual striving for greatness and what it truly means to be a Colt."