OWINGS MILLS, Md. - The Baltimore Ravens and tight end Dennis Pitta reached agreement on a five-year contract Friday.
According to Aaron Wilson of the Baltimore Sun, the deal is worth $32 million.
Pitta, Baltimore's fourth-round pick in 2010, was set to become an unrestricted free agent when free agency starts March 11.
"I could not be more excited to remain a Baltimore Raven," Pitta said in a statement. "There is no better organization or fan base in sports. To be given the opportunity to continue my career here is incredible. This organization drafted me and has always stood by me — especially during my difficult recovery last season. And for that, I am extremely grateful."
Pitta has become a favourite option of quarterback Joe Flacco in recent seasons.
He missed most of 2013 while recovering from a dislocated and fractured hip, but he returned to catch 20 passes for 169 yards and a touchdown in the final four games.
He had 61 catches for 669 yards and seven touchdowns during the 2012 regular season and then added 14 catches for 163 yards and three touchdowns in the playoffs in helping the Ravens win the Super Bowl.
"Dennis creates a number of mismatch problems for defences," Ravens general manager Ozzie Newsome said. "He makes it tough on them. And because of that, he really helps out our wide receivers.
"Opponents have to always pay attention to where he lines up and where his routes take him. Dennis is also a big target with very good hands, and his presence in the red zone is very important to us."
Without Pitta for most of 2013, Baltimore finished just 18th in passing offence.
"It was obvious when Dennis was out last year that we really missed him," Ravens coach John Harbaugh said. "We all admire how he fought back from the hip injury and helped us down the stretch. Having Dennis as a part of the Ravens now and in the future is exciting news for us.
"Dennis has a large catch radius and can snatch the ball in traffic. Not only is he a reliable player, but he is an outstanding person as well. Having a weapon like Dennis makes everyone on our offence better."
The deal came a day after the Ravens terminated the contracts of three-time Pro Bowl fullback Vonta Leach and six-year linebacker Jameel McClain.