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Mike Williams' Signing and the Impact on Justin Herbert's Odds for NFL MVP

Jon Metler

Last Updated: March 10, 2022 3:12 AM EST • 1 min 33 sec read.

DENVER, COLORADO - NOVEMBER 01: Mike Williams #81 of the Los Angeles Chargers celebrates his touchdown with teammate Justin Herbert #10 against the Denver Broncos in the third quarter of the game at Empower Field At Mile High on November 01, 2020 in Denver, Colorado. Matthew Stockman/Getty Images/AFP (Photo by MATTHEW STOCKMAN / GETTY IMAGES NORTH AMERICA / Getty Images via AFP)

The Los Angeles Chargers reached an agreement with receiver Mike Williams on a reported three-year deal worth $60 million. Williams will remain in Los Angeles. How does this affect NFL MVP futures?

There was a series of breaking news across the NFL on Tuesday, as QB Aaron Rodgers announced he would be staying with the Green Bay Packers. In addition, the Denver Broncos reportedly acquired QB Russell Wilson from the Seattle Seahawks. These moves are significant, but another move that is equally relevant to the NFL MVP futures market was unveiled on Wednesday.

Mike Williams and the Los Angeles Chargers reached an agreement on a three-year, $60 million contract extension. Williams has signed a very favorable contract because he will become one of the highest-paid wide receivers in the NFL in the short term. Moreover, he will once again be eligible for free agency at 30 years of age.

https://twitter.com/NFL/status/1501269708695298051

What is the significance of this move to the NFL MVP market?

SEE ALSO: Mike Williams, Chargers Agree on 3-Year Extension

Justin Herbert: +1000 via FanDuel Sportsbook

Among the favorites for the NFL MVP award, Chargers QB Justin Herbert trails only quarterbacks Josh Allen, Patrick Mahomes, and Aaron Rodgers on the odds board. Herbert threw for 5,014 yards and 38 touchdowns last year after winning Offensive Rookie of the Year in 2020. Herbert is certain to compete for the NFL MVP award next season.

Williams was brought back by the Chargers on a three-year contract, providing Herbert with one of his primary weapons from his first two years in the NFL. This past season, Williams had a career-high 1,146 receiving yards, nine touchdowns, and a Pro Football Focus player grade of 77.6.

Williams was one of Herbert's primary targets in the red zone because he's a big, strong receiver who could catch jump balls in the end zone. If Herbert is to win the NFL MVP award, we will need plenty of passing touchdowns, which is why Williams is such an instrumental piece of the puzzle.

https://twitter.com/NFL/status/1442208147788025860

Although there was a great deal of movement in the futures markets on Tuesday, the Herbert MVP numbers remained unchanged. Williams' retention will greatly affect Herbert's chances of winning the NFL MVP in 2022, and it should have been reflected in the odds.

https://twitter.com/GManzano24/status/1501336583831625730

SEE ALSO: 2022 NFL Draft Odds and Picks

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Written By:
Jon Metler
Jon Metler is a Sports Betting Analyst at SportsbookReview.com. Having played, coached, and officiated basketball, he immediately turned his attention to the NBA and College Basketball when he entered the sports betting space. Sports betting has been a part of his life for over 13 years, and he specializes in futures markets and player props, particularly in the NBA. In pursuit of value, he keeps a close eye on movements in the betting markets. He believes strongly in analytics and staying ahead of the curve; let the numbers do the talking. A graduate of the University of Windsor with a degree in Sports Studies, Jon enjoys spending time with his dogs when he isn't watching basketball.