On Monday, February 26th, the Cincinnati Bengals placed the franchise tag on wide-receiver Tee Higgins.
With the franchise tag on Higgins, it positions the team to retain him for at least one more season. The team has until July 15th to come to a long-term deal, but if both sides fail to do so, Higgins will be restricted to a one-year deal with the team worth $21.816 million, which is the league-wide franchise tag amount for wide receivers in 2024. The deadline for teams to use the franchise or transition tag is March 5.
The franchise tag that was placed on Higgins, however, is non-exclusive, which means he is still able to look for a deal with another team before July 15. There is speculation that Higgins will pursue contracts with other teams before settling on the franchise tag deal with the Bengals. A few suitors have been circulating which include the Carolina Panthers, Tennessee Titans, and the New England Patriots. If Higgins agrees to a deal with a new team, the Bengals will have five days to match the offer sheet or can refuse and be awarded two first-round picks as compensation.
Leave a Reply