CLARKSVILLE, Tenn. (CLARKSVILLENOW) – The Tennessee Titans agreed to terms with Ryan Tannehill Sunday on a four-year contract that could potentially pay the quarterback up to $118 million.

The deal includes $62 million fully guaranteed and carries an average annual value of $29.5 million. The move comes after much speculation on whether or not the team would choose to exercise its franchise tag on Tannehill.

The agreement between the two sides kept Tannehill from reaching free agency, allowing Titans general manager Jon Robinson to lock up his signal-caller for the foreseeable future.

Tannehill helped lead the Titans to the AFC Championship Game where they fell to the eventual Super Bowl champion Kansas City Chiefs. During the postseason, Tannehill logged six total touchdowns with two turnovers in three games.

In arguably the best season of his career, Tannehill threw for 2,742 yards and 22 touchdowns. In 12 regular-season games, he completed 70.3% of his passes, averaged 9.6 yards per completion and led the league with a 117.5 passer rating.

Tannehill took over the reins to the quarterback position in Week 6 after the benching of Marcus Mariota. He was acquired by the Titans during last year’s offseason for a 2020 fourth-round pick and a seventh-round pick in a trade with Miami. The former No. 8 overall pick in 2012 currently owns a 49-49 career record as a starter.

In other Titans news, the team used their franchise tag Monday after placing it on running back Derrick Henry. The deadline to reach a multiyear extension is July 15. If the two sides fail to come to an agreement by then, Henry won’t be able to be extended until after the season’s end.

The 26-year-old rushing leader is expected to earn roughly $12.36 this upcoming season.

Robinson and company still have many other player situations to address including notables Jack Conklin and Logan Ryan.