In a move marking the culmination of prolonged contract negotiations, star wide receiver Tee Higgins will play the 2024 NFL season under the franchise tag with the Cincinnati Bengals. The breakdown in talks for a long-term extension has paved the way for Higgins to earn a fully guaranteed $21.8 million this season.
Despite initial optimism that the Bengals and Higgins would reach a new deal, Monday's deadline passed without an agreement. The franchise tag now dictates the terms under which Higgins will play this season, adhering to a one-year, high-value contract designed to keep top players on their teams while extending negotiation windows.
Higgins’ Trade Request and Bengals' Stance
Complicating matters is the revelation that Higgins requested a trade in March. Nevertheless, the Bengals refused to honor this request, standing firm in their belief that Higgins is integral to their offensive scheme. "It was assumed he would be a top target of Burrow's for years to come," one commenter speculated, underscoring the anticipated synergy between Higgins and quarterback Joe Burrow.
Indeed, the Bengals have made significant investments in their roster, most notably making Joe Burrow the highest-paid player in the NFL through a five-year, $275 million extension. This substantial financial commitment indicates the franchise's intent to build a winning team around their star quarterback.
Teams with Cap Space: Potential Landing Spots?
Although the Bengals have a stronghold on Higgins for now, the situation raises questions about his future with the team. Several franchises have the financial flexibility to accommodate a high-value player like Higgins. The Washington Commanders top the list with $37 million in cap space, followed closely by the New England Patriots, who have $43.763 million available.
While the New York Jets have $6.254 million in cap space for the season, "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," offers a potential solution for cap-strapped teams interested in his talents.
The Chargers' Key Cap Maneuvers
Another compelling option could be the Los Angeles Chargers. With $20.656 million in cap space this season and nearly $43 million projected for 2025, they possess the financial flexibility to bring in high-caliber players. "A trade and contract for Higgins will most certainly cost less than trading for Adams," a cited source points out, making Higgins a cost-effective yet impactful acquisition.
Training Camp: A Date to Watch
As the calendar flips closer to the NFL season, Higgins is set to report to training camp when veterans convene on July 23. His presence will undoubtedly be a critical factor for the Bengals, who are eyeing a deep playoff run. Yet, the underlying currents of contract negotiations and trade requests might cast a long shadow over his on-field performance.
For now, all eyes will be on Cincinnati as they navigate this high-stakes season with one of their most valuable assets under the temporary shelter of a franchise tag. How they manage his situation could have lasting implications, not just for the franchise but also for the competitive balance of the NFL.