Tee Higgins is generally considered the top offensive free agent, but the Bengals WR might not even make it to the open market. According to NFL Network’s Tom Pelissero (via NFL.com’s Bobby Kownack), the Bengals are considered “likely” to hit Higgins with the franchise tag if the two sides can’t work out a long-term deal.
According to Pelissero, the Bengals front office is currently focused on signing the star wideout to a long-term pact, and there’s “hope” they won’t have to opt for the franchise tag for the second-straight year. If the organization does ultimately turn to the tag, they’ll effectively be committing to Higgins for yet another season (barring a trade), and they’d still have until the middle of July to work out an extension with the receiver.
The former second-round pick saw his rookie contract expire last offseason, but the Bengals held on to Higgins via the franchise tag. A second-straight franchise tag would be valued at 120% of Higgins’ 2024 earnings, which would come in at $26.2MM. The Bengals would presumably hope that number is a placeholder as they pursue a long-term deal, but it could also represent a slight discount as Higgins pursues a deal worth more than $30MM per year.
Joe Burrow has made it clear that he wants the Bengals to retain one of his top targets, but the organization’s upcoming financial commitments would make a Higgins deal difficult to navigate. Burrow himself is playing on a once-record-breaking extension, and the Bengals have yet to work out a long-term deal with fellow WR Ja’Marr Chase. The organization could theoretically commit a significant chunk of their cap to their three offensive stars, but there’s also a chance the team will just be keeping the trio together for one last run.
The 2024 campaign was one of Higgins’ most productive showings of his career, as he compiled 911 receiving yards and a career-high 10 touchdowns in just 12 games. His recent injury woes only slightly clouded his free agency outlook, as the WR was still expected to have plenty of suitors this offseason. If Higgins is ultimately slapped with the franchise tag, it will bode well for the rest of the free agent class, a group that includes veterans coming off injuries (like Chris Godwin and Stefon Diggs) and veterans who underwhelmed in new spots (like DeAndre Hopkins and Amari Cooper).