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The Arizona Cardinals said they were prepared to dish out a record contract to keep wide receiver Larry Fitzgerald and they followed through with that.

Oh boy, did they follow through with that.

Filed to ESPN: Arizona will sign WR Larry Fitzgerald to a record 8-year, $120 million deal that includes close to $50 million guaranteed.less than a minute ago via UberSocial for BlackBerry Favorite Retweet Reply

The deal was confirmed by Michael Bidwill and Fitzgerald during a Saturday evening press conference and will keep the 27-year-old receiver under contract with the team until 2018.

Welcome to the record book, Mr. Fitzgerald. His new deal makes him the highest-paid receiver in the NFL.

The deal was signed far before the Sept. 4 deadline set by Fitzgerald for a contract renewal and will come as relief to both the Cardinals fans and organization who face the possibility of losing Fitz in free agency after this season.

Fitz is currently one touchdown away from tying the franchise record of 66 set by Roy Green.

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