The Dallas Cowboys have signed kicker Dan Bailey to a new seven-year deal through 2020.
Bailey, 26, was set to be a restricted free agent, but the Cowboys never intended on him hitting the market.
Vice-president Stephen Jones said on Wednesday that the two-sides were close to a new deal. The team announced the long-term extension Thursday.
Bailey originally signed with Dallas as an unrestricted free agent out of Oklahoma State following the 2011 NFL Draft.
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In his three seasons with Dallas, Bailey has converted 90.8 percent of his field goals (89-of-98) and all 123 of his extra points, becoming one of the best and most reliable kickers in the league.
Bailey's 89 made field goals are second-most in team history, while his 90.8 field goal percentage is the best-ever for a Cowboys kicker.
Bailey has made eight game-winning field goals, which are the most in team history.
As a restricted free-agent, Bailey was likely going to get the second-round tender offer of $2.124 million. The new deal surpasses that in average per season, but the length of the contract helps keep the money down so it will likely give him a lower cap figure in 2014 to help the Cowboys sign other players.