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Butker has agreed to a four-year extension with the Chiefs, Ian Rapoport of NFL Network reports.

Per Rapoport, Butker's deal -- which makes him the NFL's highest-paid kicker -- is a four-year, $25.6 million extension with $17.8 million in guarantees. The 29-year-old is coming off a 2023 regular season in which he made 33 of his 35 field-goal attempts en route to scoring 137 points in 17 games. While working behind Kansas City's Patrick Mahomes' helmed offense, Butker remains a premium fantasy kicking option ahead of the coming campaign.

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