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NFL Teams Make Decisions on Franchise Players

Dak Prescott

Wednesday at 4 pm Eastern marked an important deadline for NFL teams and players, and there was some big news that came down.

Teams had until 4 pm to reach contract extensions with their players, or be forced to place the franchise tag on these players.

Several teams had already made their decision prior to Wednesday, but there were three big-name players in the news. One of the top quarterbacks in the league will be playing under a franchise tag, while two other players got record deals.

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Franchise Tag For Prescott

Cowboys quarterback Dak Prescott was hoping to work out a long-term extension with the Dallas Cowboys, but the two sides were unable to reach an agreement. Prescott will now become one of 12 players in the league that will play out the 2020 season under the tag.

Prescott will be paid $31.4 million this season after being given the exclusive franchise tag designation. Prescott and his agent were hoping to secure a long-term deal, but the two sides were never close in their negotiations.

The Cowboys did offer Prescott a deal worth $35.4 million per year, which would have made him the second-highest-paid QB in the league. Dallas wanted a new five-year extension, while Prescott and his agent preferred a four-year deal.

Prescott is now just the third quarterback in league history to play a season under the franchise tag. Drew Brees played for the then-San Diego Chargers under the tag in 2005, and the Washington Redskins placed the franchise tag on Kirk Cousins in 2016 and 2017.

Garrett Signs Record Deal

The Cleveland Browns and Myles Garrett agreed to a contract extension on Wednesday in a deal that will make the defensive end the highest-paid defensive player in football. The new deal contains over $100 million in total guarantees, with $50 million guaranteed at signing.

Khalil Mack of the Chicago Bears received $90 million in guaranteed money as a part of his deal, but Garrett will smash that number. Even though the official details were not announced, sources are expecting it to be five years for $125 million.

Garrett was the number one overall pick in the 2017 NFL Draft, and he will now remain with the team through the 2026 season. The defensive end had 10 sacks in the first 10 games of the 2019 season before being suspended for the remainder of the year.

Titans Paying Henry

The Tennessee Titans and running back Derrick Henry have agreed to a new four-year deal worth $50 million. $25.5 million of that deal is guaranteed money.

Henry’s new deal is worth $12.5 million per year, making him the fifth-highest paid running back in the league. The Titans also agreed to an extension with quarterback Ryan Tannehill this offseason.

Henry won the NFL rushing title a season ago and carried the team to the AFC Championship Game. He averaged 5.1 yards per carry and racked up 1,540 rushing yards during the regular season.

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