The 29-year-old Johnson had five years left on a deal worth $60 million, but wanted to renegotiate. Texans general manager Rick Smith would not immediately release terms of the new contract, which amounts to a two-year extension.
"This will make him a Texan for life," Smith said, according to the Houston Chronicle.
Johnson reportedly received a two-year, $23.5 million extension with $13 million guaranteed. If he reaches incentives, the extension is worth a maximum $38.5 million. His current contract was set to expire after the 2014 season.
Johnson says he's prepared to play for the Texans for his entire career. The All-Pro receiver has led the league in receiving yards the past two seasons and topped 100 catches in three of the past four. He has the NFL's highest receiving yards average (90.2 per game) since 2006.
"With having five years left on my contact, for them to do something like this for me and my family, I don't think words can really describe it," Johnson said, according to the team's website. "All I can say is thank you from the bottom of my heart ... I'm very happy that we were able to get everything settled and I can move forward with football."
Last week, team owner Bob McNair said he envisions Johnson becoming the franchise's first Hall of Fame inductee.
Information from The Associated Press was used in this report.
Xavi signs Barca extensionHouston Texans tight end Owen Daniels signs $3.168 million tender
