Matthew Stafford, Los Angeles Rams closing in on new contract

The Los Angeles Rams and veteran quarterback Matthew Stafford have agreed on a restructured contract to return to LA rather than exploring other opportunites, according to NFL Network insider Ian Rapoport.

The Rams confirmed the news a short time later on social media.

The Super Bowl-winning quarterback reportedly restarted contract negotiations with team executives early Friday morning after previously having conversations with both the New York Giants and Las Vegas Raiders.

This report will be updated.

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