The Jaguars are signing quarterback Blake Bortles to an extension, the team announced Saturday.

“Blake’s growth and development last season was a key to the success we had as a team,” Jaguars Executive Vice President of Football Operations Tom Coughlin said, via the team's website. “Blake has proven, with toughness and dependability, that he can be the leader this team needs going forward. Along with this contract come high expectations that he will continue to improve and help our team accomplish its ultimate goal.”

After a season in which the Jaguars made it to the AFC Championship Game, Jacksonville had to make a decision as to whether the team would continue with Bortles going forward, or go with someone else. It appears they chose the former.

According to ESPN, the deal is for three years and $54 million. It will include $26.5 million guaranteed and can be worth as much as $66.5 million with incentives. The team has not confirmed that number.

Jaguars are giving QB Blake Bortles a new three-year, $54 million deal, worth up to $66.5M with incentives, that includes $26.5M guaranteed, tying him to Jacksonville through the 2020 season, per source.

Jacksonville out of QB market.
— Adam Schefter (@AdamSchefter) February 25, 2018

Bortles is coming off of a season in which he threw for 3,627 yards, 27 touchdowns and he had a career-low 13 interceptions. He signed a four-year, $20.6 million rookie contract out of college. Jacksonville had picked up Bortles' fifth-year option worth $19 million in 2017, which would have been the 25-year-old's salary in 2018 had they not come to an agreement on a deal