SATURDAY, 9:25am: The Lions have confirmed the extensions for both Riddick and Martin, with general manager Bob Quinn releasing a statement:
“We are excited to announce contract extensions for Sam Martin and Theo Riddick. Both players have earned these extensions through their hard work that dates back to 2013 when both joined the Lions. I would like to thank Sam, Theo, and their representatives for their hard work assisting us in our goal of completing these extensions prior to the start of the regular season. I’m very pleased that both players can join their teammates in fully concentrating on our opening game.”
FRIDAY, 11:10am: The Lions have agreed to a contract extension with running back Theo Riddick, according to a source who spoke with Rob Demovsky of ESPN.com (on Twitter). It’s a three-year deal worth $12.75MM, according to Ian Rapoport of NFL.com (on Twitter). 
[RELATED: Lions, P Sam Martin Agree To Extension]
Last season, Riddick caught 80 passes (most of any running back in 2015) for 697 yards and three scores. This year, he is slated to get a good amount of work behind primary tailback Ameer Abdullah. Abdullah figures to get the bulk of the carries thanks to his speed and agility, but Riddick will be in on passing downs and should get a good number of targets from Matthew Stafford.
Riddick, who turned 25 this spring, was slated to hit the open market after the 2016 season. It seems like Riddick did pretty well on this deal, especially when considering that Giovani Bernard‘s new contract with the Bengals is only worth a little more at $15.5MM over a three year period. Riddick is roughly the same age as Bernard, but Bernard has shown to be a more well-balanced running back.
This has already been a busy day for the Lions as they extended punter Sam Martin minutes ago.
Photo courtesy of USA Today Sports Images.