The Las Vegas Raiders are signing punter AJ Cole to a four-year, $15.8-million extension that includes $11 million guaranteed, sources told FOX Sports' Jordan Schultz.

Cole's $3.95-million average annual salary eclipses Seattle Seahawks punter Michael Dickson's $3.6-million average for the top spot among all players at the position, according to Over the Cap.

Cole earned Pro Bowl and first-team All-Pro nods in 2021 and 2023. He also made the 2022 Pro Bowl.

The 29-year-old has averaged 48.6 yards per punt and 42.1 net yards per punt in 100 career games. He's placed 44.9% of his 374 kicks inside opponents' 20-yard lines.