DeSean Jackson’s deal with the Redskins will pay him $24 million over a three-year span with $16 million guaranteed, a person with knowledge of the situation confirmed.

Jackson, according to a person familiar with the structure of the deal, is owed $8 million a year in each of the three seasons, with the first two years fully guaranteed. The deal also comes with a fourth-year option that is voidable. The Eagles took a $6.25 million dead-cap hit by releasing Jackson. But they only owed him $250,000 for this season after his release. That money is now offset by what the Redskins will pay Jackson.

It was not immediately clear how much of the money comes in the form of a signing bonus, prorated over the three seasons, but the Redskins’ cap hit this season is expected to be around $4 million. (Update, 5:02 p.m.: His signing bonus is $5 million, according to a person with knowledge of the situation.)

DeSean Jackson, Darrelle Revis DeSean Jackson, here scoring a touchdown in front of Tampa Bay’s Darrelle Revis, is one of the NFL’s premier playmakers. (Al Messerschmidt/Getty Images)

Jackson’s $16 million in guaranteed money is more than any other wide receiver received in free agency this offseason.

The Jets gave Eric Decker a five-year contract that included $15 million in guaranteed money. The Lions gave Golden Tate a five-year deal with $13.25 million guaranteed.

Jackson’s five-year, $48.25 million deal that he received from the Eagles in 2012 featured $18 million in guaranteed money, according to NFLPA records.

How does Jackson’s new deal compare to other wide receiver contracts the Redskins have given out recently?

Washington in that same year signed Pierre Garcon, who last season led the NFL in catches, to a five-year, $42.4 million deal that featured $20.5 million in guaranteed money. The same offseason, Washington signed Josh Morgan to a two-year deal that paid him $11.5 million before it expired this past winter.

Have a football question? E-mail Mike Jones at with the subject line “Mailbag question” for him to answer it in The Mailbag.

More coverage:

D.C. Sports Bog: Clark says Griffin has to be Redskins’ leader | More Bog

Added firepower excites Griffin, yet QB is cautiously optimistic

Reid: Opposing defenses should worry | Bog: Jackson’s best vs. Redskins

The Early Lead: Sherman says its unfair to judge Jackson by associates

WR Britt signs with Rams | Ex-Redskins C Montgomery to Broncos

Follow: @MikeJonesWaPo | @MarkMaske | @Insider | Insider on Facebook