Star wide receiver Tee Higgins is set to play the 2024 NFL season under the franchise tag, after contract negotiations with the Cincinnati Bengals failed to produce a long-term extension before Monday's deadline. This development means Higgins will earn a fully guaranteed $21.8 million this season, showcasing the high stakes involved in the NFL contract landscape.
Training Camp Beckons
Despite the setback in contract talks, Higgins is committed to his current team for the upcoming season. He is expected to report to training camp when veterans convene on July 23. This move underscores his professional dedication and readiness to contribute to the Bengals' on-field efforts.
Trade Request and Team Decisions
In March, Higgins had requested a trade, seeking a fresh start perhaps with more security. The Bengals, however, did not acquiesce to his trade request, signaling their intent to retain one of their key offensive weapons. This decision aligns with the team’s broader strategy, especially following their landmark deal with quarterback Joe Burrow. Burrow's five-year, $275 million extension has made him the highest-paid player in the NFL, fundamentally shaping the team's salary cap dynamics.
Cap Space Across the League
The Bengals’ commitment to marquee players like Burrow has repercussions not just financially but also in how other teams may view potential acquisitions. For instance, with Higgins now potentially available for trade, several teams with varying cap space might consider making a move. The New York Jets currently have $6.254 million in cap space, presenting a financial constraint that could be overcome through creative accounting and contract structuring. As one source noted, "The New York Jets don't have a ton of cap space left to play with for this season, but they could get creative in their accounting for a Higgins extension by providing him with a massive signing bonus and backloading his contract to defer larger cap hits to future years."
Potential Suitors
Other teams like the Washington Commanders and the New England Patriots are in stronger financial positions, with $37 million and $43.763 million in cap space respectively. This flexibility allows these franchises to seriously consider adding a high-caliber receiver like Higgins to their roster without immediate financial strain.
The Los Angeles Chargers, on the other hand, have $20.656 million in cap space this season and are projected to have nearly $43 million in cap space by 2025. This future-forward planning could make them interesting contenders for acquiring Higgins. Additionally, one source has mentioned, "A trade and contract for Higgins will most certainly cost less than trading for Adams," suggesting that teams might view Higgins as a more financially viable option compared to other elite receivers in the market.
A Future with Burrow?
While the Bengals have been clear in their decision not to trade Higgins, the speculation around his future remains a hot topic. Burrow himself could play a pivotal role in retaining Higgins long-term, given their on-field chemistry. It was assumed he would be a top target of Burrow's for years to come, making Higgins’ performance this season critical for the Bengals’ offensive strategy. Should Higgins and Burrow continue to connect effectively, it might provide the leverage needed to revisit long-term contract discussions post-2024.
Ultimately, the 2024 season could serve as a proving ground for Higgins, showcasing not just his talents but also his ability to rise above contract disputes and trade rumors. He remains poised to make significant contributions under the franchise tag, with eyes from across the league watching closely. Whether he remains with the Bengals or finds a new home, Higgins' journey reflects the complex and often unpredictable nature of NFL careers.