According to the NFL Network, the Lions have signed cornerback Leigh Bodden to a four-year contract extension. Bodden told the Free Press earlier today that nothing had been agreed to yet, but I imagine that's only because nothing was official at the time.
Via PFT, here are the details of the extension.
Adam Schefter of NFL Network reports that the Lions have reached an agreement with Bodden on a four-year, $27 million contract extension.
Bodden has two years left on his current contract at base salaries of $1.7 million in 2008 and $1.8 million in 2009. But the Lions have given him a hefty raise in order to keep him around and keep him happy.
Per Schefter, Bodden will receive a $2 million signing bonus immediately and an option bonus of $8.6 million at the beginning of March. The option bonus is not guaranteed, meaning if Bodden has a bad year, the team could cut him loose and let him become an unrestricted free agent on the first day of the 2009 league year.
If the Lions do exercise the option bonus, Bodden will be under contract through the 2013 season.
Bodden didn't want to wait until after this season to get his contract extended, so it's probably good that the Lions did get it done now to keep him happy.