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The Titans have agreed to terms on a multi-year contract with running back Derrick Henry.

According to multiple reports, it's a four-year deal worth $50 million with $25.5 million guaranteed.

Earlier this offseason, Henry signed a one-year franchise tag and the two sides began working to get a long-term deal done before today's deadline.

As NFL Network's Mike Garafolo pointed out, if Henry had played out this year and next year’s tags, he would’ve averaged in the $11 million-plus. So the Titans essentially gave him a little more on top of that in the form of the guaranteed money and cracks the top five in running back money on a per-year basis.

This after Henry turned in the best year of his NFL career in 2019, when he was named the FedEx Ground Player of the Year and a Pro Bowler for the first time. Henry was also named second-team All-Pro by the Associated Press after leading the NFL with a career-best 1,540 rushing yards on 303 carries.

Henry indicated earlier this offseason he wanted to remain with the Titans.

"I want to stay with the Tennessee Titans," Henry said. "They are the ones that took a chance on me – 31 teams passed on me on the draft and they selected me. I have a lot of love for Tennessee. I have a lot of love for everyone in that organization.

"And we have grown from the time I got there. (In 2016) we just missed the playoffs, (in 2017) we got into the playoffs and went into the second round. This year we went to the AFC Championship. We have grown as an organization and as a team and I think that speaks volume for the direction we're headed."

Henry ranked third in NFL with 18 total touchdowns in 2019, and he ranked second in the AFC and fourth in the NFL with 1,746 yards from scrimmage.

Henry was a real workhorse in the postseason, setting a franchise playoff record with 182 rushing yards at New England (1/4/20) before resetting it with 195 rushing yards at Baltimore (1/11/20). Henry gained 69 yards on 19 carries in the AFC title game loss at Kansas City.

Henry was the only running back in the NFL to average more than 100 rushing yards per game (102.7) this season. From Weeks 10-13, he joined Pro Football Hall of Famers Jim Brown (1985), Eric Dickerson (1984) and O.J. Simpson (1976), as well as Adrian Peterson (2012) as the only players to record at least 145 rushing yards and a rushing touchdown in three consecutive games in NFL history.

From a fantasy perspective, Henry was at his best when it mattered most.

He was far more productive in the second half of the season, with six top-10 finishes in his last seven games compared to just three in his first eight (with nearly 83 percent of his fantasy points coming as a runner). Henry will be a first-round lock in 2020 fantasy drafts even with the addition of third-round rookie Darrynton Evans and OC Arthur Smith talking about being more judicious in the veteran's workload.

Believe the latter when you see it.