Philadelphia may not be spending as much money on free agents this season, but the Eagles have still found ways to open their wallet. Thursday, they offered a five year extension to RB LeSean McCoy worth $45 million.

"We are excited to continue this offseason of taking care of our own players," said head coach Andy Reid according to ESPN. "LeSean is one of the most electrifying running backs in the National Football League. He can do it all: run, catch, block and score touchdowns from anywhere on the field."

The five-year contract extension locks McCoy up through the 2017 season according to the Twitter of the FFChamps.com GM, Bill Enright. The contract also includes over 20 million dollars guaranteed.

Despite the disappointing 8-8 record for the Eagles last season, McCoy set franchise records with 1,309 rushing yards and 20 touchdowns. With those marks, he made his first Pro Bowl and All-Pro team.

In 2010, McCoy finished fourth in the NFL with 1,672 all-purpose yards. He also caught a career high 78 catches which is very important in Reid’s west coast offense.

Philadelphia drafted McCoy in the second round of the 2009 draft out of the University of Pittsburgh. In just his first three seasons, McCoy has 4,241 all-purpose yards.