Report: Seahawks' Kam Chancellor receives five-year contract extension

Seahawks safety Kam Chancellor received a $35 million contract extension. (Tom Szczerbowski/Getty Images) The Seattle Seahawks and safety Kam Chancellor

Seahawks safety Kam Chancellor received a $35 million contract extension. (Tom Szczerbowski/Getty Images)

The Seattle Seahawks and safety Kam Chancellor agreed to a five-year, $35 million contract extension Monday, reports ESPN.com.

The deal includes $17 million in guaranteed money and he has a chance to make another $5.7 million through incentives. The Seahawks have called a news conference for 5 p.m. ET at team headquarters to announce the deal.

according to the report