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Source: Tony Gonzalez gets $7M deal

Updated: January 1, 2012, 9:13 PM ET
ESPN.com news services

ATLANTA -- Record-setting tight end Tony Gonzalez has signed a one-year contract extension with the Atlanta Falcons, ending speculation he would retire after the season.

The extension, which a league source told ESPN.com's Pat Yasinskas is worth $7 million, was announced before Sunday's 45-24 win over Tampa Bay.

"Very happy to be coming back next year to play. I love everything about the Falcons and the city of Atlanta," Gonzalez said on his Twitter account Sunday.

The ...

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