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

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Mike Williams' Signing and the Impact on Justin Herbert's Odds for NFL MVP
Mike Williams of the Los Angeles Chargers celebrates his touchdown with teammate Justin Herbert. Photo by Matthew Stockman/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.

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.

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.

SEE ALSO: 2022 NFL Draft Odds and Picks

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