Pro Football Rumors
Last year’s salary cap spike created another opportunity for teams to retain talent, and once the upcoming cap surge (roughly $25MM) produces a number, the 2020 CBA will have produced four straight single-year jumps by at least $16MM. These climbs, which dwarf the per-year jumps the 2011 CBA brought, have both helped teams retain talent and pay for free agents while also ballooning the costs of franchise tags.
That said, last year featured eight players given the franchise tag and one (Kyle Dugger) receiving the transition tender. Illustrating the cap climb’s impact, eight of those nine players landed extensions. None of them occurred near the July 15 extension deadline for tagged players, leaving only the Bengals and Tee Higgins‘ non-negotiations still outstanding by the time the usually action-packed stretch arrived. Higgins is back among this year’s lot of potential tag recipients, but not as many players join him.
We are now in Year 33 of the franchise tag, a retention tool that came about during the same offseason in which full-fledged free agency spawned. With clubs having until 3pm CT on March 4 to apply tags, here is who may be cuffed:
Tee Higgins, WR (Bengals)
Tag cost: $26.18MM
It never made too much sense for the Bengals to pass on tagging Higgins, who would at least — in the event the team would squash Joe Burrow‘s crusade to retain the veteran Ja’Marr Chase sidekick — fetch draft capital in a trade. A second Higgins tag comes in at 120% of his 2024 tag price ($21.82MM). It would be interesting if the Bengals went from not negotiating with Higgins during his four months on the tag last year — and generally being prepared to move on in 2025 — to circling back and paying him a market-value deal, but that does seem to be in play.
Burrow’s push would see the team having roughly $70MM per year allocated to the receiver position; that would squash where even the Eagles and Dolphins have gone for their high-end wideout duos. Higgins, 26, was unable to market his age-25 season thanks to the tag. If the latest rumors surrounding the former second-round pick are accurate, he would be kept off the open market once again. That is a fairly significant window to miss; then again, he would have banked $48MM during that period.
The Bengals are projected to carry more than $53MM in cap space, making this a solution they can afford. But after extensive negotiations with Chase last year and Burrow stumping for Higgins, the team has an important decision to make soon.
Cincinnati has less than two weeks to give Higgins a long-term deal. It would mark quite the about-face to do so. The organization has not seriously negotiated with the WR since the first half of 2023, and even when talks did commence, no proposal came too close to $20MM per year. Those talks predictably broke down, and Higgins’ new price is believed to be around...
