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Saints Continue to Work on Extension With Chris Olave

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May 18, 2026, 2:16 PM ET

When asked about whether there is a timeline to get something done with wide receiver Chris Olave, New Orleans Saints general manager Mickey Loomis said, "Obviously we'd love to have something done sooner than later, and I'm sure Chris would as well, but we're not there yet," according to Katherine Terrell of ESPN. Loomis added that talks with Olave on a potential long-term contract extension have been good, and Olave has been around the building a lot this offseason, which is a good sign. The 25-year-old former 11th overall pick in 2022 out of Ohio State is heading into the final year of his rookie contract after the Saints picked up his $15.49 million fifth-year option for the 2026 season. Olave played in only eight games due to a concussion in 2024, but he bounced back with career highs in catches (100), receiving yards (1,163), and touchdowns (nine) in 16 starts in 2025 in his fourth year in the league. If the Saints eventually give Olave an extension, he's expected to demand around $33 million per year. Going into 2026 with quarterback Tyler Shough locked in as the starter, Olave is trending up in fantasy football and should be considered a low-end WR1/high-end WR2 target in drafts this fall.--Keith Hernandez
Source: ESPN.com - Katherine Terrell
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