PHILADELPHIA (CBS) — The Philadelphia Eagles and tight end Brent Celek have agreed to a three-year deal, the team announced on Tuesday afternoon.

The deal, according to ESPN’s Adam Caplan, is worth $13 million ($6 million guaranteed).

Celek, 31, was set to enter 2016 with a $5 million cap hit, but the Eagles could have saved all $5 million if they decided to release the veteran tight end. The new deal is likely a contract restructure to lower Celek’s 2016 cap figure.

This deal comes one day after the Eagles signed tight end Zach Ertz to a five-year extension.

Celek ranks second all-time among Eagles tight ends in receiving yards, receptions and receiving touchdowns. He will address the media on Friday.