The deal will span three-years, although additional terms of the contract were not disclosed.
Furrey, a converted safety from a year ago, led the team and conference with 98 receptions for 1,082 yards and six touchdowns. He also provided a great safety valve for quarterback Jon Kitna, who relied upon Furrey significantly during the regular season.
Furrey was also one of the few receivers on the team to grasp offensive coordinator Mike Martz's offense immediately.
The deal was initially complicated because Furrey, who was looking for "No. 2 receiver" money, only had one good season -- in a Martz offense no less -- under his belt.