A second person familiar with the negotiations said it’s a six-year deal for $60 million. Both people requested anonymity because the deal had not yet been signed.
Ferguson, selected to his first Pro Bowl last season, is one of the anchors of an offensive line that helped the Jets lead the league in rushing a year ago.
Ferguson was the team’s first-round draft pick, fourth overall, in 2006. He was entering the fifth year of his $37.5 million rookie deal.
He was one of four key players looking for new deals this offseason, along with cornerback Darrelle Revis, center Nick Mangold and linebacker David Harris.