Update:7/17/17 4:30PM EST
The deadline has come and gone and none of three players mentioned below reached a long term deal. The Carolina Panthers fired their GM Dave Gettleman today and to be brutally honest, the Washington Redskins should dismiss President Bruce Allen and the Rams should pink slip GM Les Snead. It is horrendous cap management to let a player play on the franchise tag for one season, much less two. So much cap space flushed with nothing but two seasons to show for it. Horrendous cap management. It takes two to tango, and the reports of Bruce Allen pandering to the media are beyond stupid. The mistake was made last year. The bigger mistake was made this year. Keep reading and you’ll see why Cousins said thanks but no thanks to the $53M in guaranteed $. That might have got him signed last year.
Redskins President Bruce Allen addresses Kirk Cousins contract negotiations pic.twitter.com/Zfftmm2qS5
— Sports Illustrated (@SInow) July 17, 2017
Monday, July 17th. is the deadline that the 3 players tagged with the “Franchise Tag” have to workout a long term deal for the 2017 season. Otherwise they will play the ’17 season under their franchise tag salary cap hit. The deadline is normally July 15th, but since it fell on a weekend, the deadline was pushed to July 17 per the CBA.
Earlier in the offseason, Le’Veon Bell, Kirk Cousins, Chandler Jones, Kawann Short, Trumaine Johnson, Jason Pierre-Paul, and Melvin Ingram each had the franchise tag from their respective teams placed on them.
The following have yet to sign a long-term deal, their team and their 2017 Salary Cap Figure:
- QB Kirk Cousins, Washington Redskins $23,943,600
- RB Le’Veon Bell, Pittsburgh Steelers $12,120,000
- CB Trumaine Johnson, Los Angeles Rams $16,742,400
The Kirk Cousins situation was expanded on here, since Quarterbacks are the most important position in the NFL, it was given extra attention. The same premise of an argument can be made against the Rams/Johnson because this is the second consecutive year that they have tagged him, as well. The 2016 money is gone and he’s not under a multi-year contract. Piss-poor cap management.
Cousins and Bell were given “exclusive” tags which means they are not free to talk with other teams. A team could come to terms with Johnson, and the Rams could a) match it b) refuse to match it and receive two 1st round draft picks. Situation B is one reason that franchise players are rarely signed by another team.
The four who signed extensions:
- Melvin Ingram signed a 4 year/$66M extension with the Los Angeles Chargers in June.
- Chandler Jones signed a 5 year/$83M extension with the Arizona Cardinals in March.
- Jason Pierre-Oaul signed a 4 year/$62M extension with the New York Giants in June.
- Kawaan Short signed a 5 year/$80M extension with the Carolina Panthers in April.
Over the past two off seasons, the Denver Broncos have utilized the salary cap as the tool it was intended to be: buy time. They used it to work out an extension with Demaryius Thomas (2015) and Von Miller (2016). They did not make the mistake of allowing either player to play under the tag, thus flushing money away. They maximised the use of the July 15th deadline and got each player under contract.