The Bengals were unable to work out an extension agreement with Ja’Marr Chase last offseason, and the decision to use the franchise tag on Tee Higgins led to doubt about his future beyond 2024. In the case of both receivers, the team remains intent on inking both to long-term deals.
Chase in particular will require an historic investment in the wake of Justin Jefferson resetting the market for non-quarterbacks last year. Chase’s LSU teammate secured $35MM per year on average from the Vikings, but a new Bengals deal will check in at a higher rate. Coming off the back of a triple-crown season, Chase has been connected to an asking price of $40MM per season.
In spite of the organization’s track record regarding massive player investments, reaching an agreement at least in the vicinity of that figure is the target. De facto general manager Duke Tobin said on Tuesday (via ESPN’s Adam Schefter) the Bengals are planning to “reward” Chase by making him the highest-paid non-QB in NFL history. Head coach Zac Taylor echoed that sentiment when speaking to the media (h/t Kelsey Conway of the Cincinnati Enquirer).
As Joe Burrow has turned up the heat on the franchise regarding doing what it takes to retain Higgins and Trey Hendrickson, Tobin has offered some support that the QB will see a positive outcome here. The longtime Bengals exec said (via The Athletic’s Paul Dehner Jr.) he is optimistic extensions for all three are doable.
The Bengals are paying for delaying the Chase deal, as the hesitancy — a delay not shown by the Eagles and Dolphins with first-rounders DeVonta Smith and Jaylen Waddle — preceded a price-raising season from the 2021 fifth overall pick. Miami and Philly became the first teams — in the fifth-year option era — to extend a first-round wideout with two years of rookie-deal control remaining. Mike Brown said early in training camp the Bengals were unlikely to follow suit. Although the team was believed to have come close to extending Chase before last season, not doing so will lead to a bigger payment being required. While surpassing Jefferson’s $35MM AAV is one matter, a team not known for post-Year 1 guarantees going past the $88.7MM the Vikings fully guaranteed their All-Pro wideout is another.
Regarding Higgins, the Bengals paying him would contradict a years-long expectation. Higgins had been expected to depart, via free agency defection or tag-and-trade transaction, for a while. Last month, Tobin said the team would aim to re-sign Higgins at the “right number.” It would seem Burrow’s efforts, years after Carson Palmer forced his way out due to frustration with the organization’s transactional aggressiveness, are not going unnoticed in the Cincinnati building.
Hendrickson is eyeing a lucrative fourth contract, after tacking a one-year extension onto his initial Bengals agreement, and would be OK if it came after a trade. The All-Pro defensive end wants a quick resolution, however. Like Chase, one season remains on Hendrickson’s deal. For all the criticisms lobbed the Bengals’ way regarding contract matters, they do have a recent history of authorizing third contracts for D-linemen. They paid both Geno Atkins and Carlos Dunlap in 2018. Of course, paying Hendrickson with Burrow tied to a $55MM-per-year deal is a different matter even with the recent cap spikes considered.
As we detailed in a recent Trade Rumors Front Office piece, how the Bengals proceed this offseason may well affect their long-term relationship with Burrow. The superstar QB will undoubtedly be monitoring these situations closely, with the Higgins matter — expected to produce at least a placeholder franchise tag — first on the docket.
