The Carolina Panthers and running back Christian McCaffrey are set to make history.

McCaffrey and the Panthers have agreed to a four-year extension worth $16 million per year, which will make him the highest-paid running back in NFL history, according to ESPN.

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Dallas Cowboys running back Ezekiel Elliott was previously the highest-paid at the position; a 14.5 million per year deal that was signed last year.

The Panthers’ running back has established himself as the best at the position in the league after claiming first-team All-Pro status last season. McCaffrey is the only player in NFL history with 2,500 rushing yards and 2,500 receiving yards in his first three seasons.

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McCaffrey has two 1,000-yard rushing seasons, 303 total receptions -- which is the second-most ever by a running back -- and he’s only one of three players in league history with 1,000 rushing and 1,000 receiving yards in a single season.

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The Panthers signed quarterback Teddy Bridgewater and now have McCaffrey locked up with wide receivers D.J. Moore and Robby Anderson. Carolina will have the pieces in place to have a productive offense in 2020.