The Miami Dolphins are reportedly deep in negotiations with quarterback Tua Tagovailoa over a significant contract extension, sources close to ESPN have revealed. The ongoing talks are aimed at reaching a new agreement that could secure Tagovailoa with the team for the foreseeable future.
ESPN’s Jeremy Fowler has reported that both the Dolphins and Tagovailoa are keen on finalizing a deal, following Dolphins General Manager Chris Grier’s previous statements suggesting contract discussions were on hold until after the NFL draft. Now with the draft concluded and notable moves such as the signing of wide receiver Odell Beckham Jr. made, securing Tagovailoa’s future with the team has become a priority, especially as the Dolphins navigate their current salary cap situation.
Tagovailoa is on track to earn $24 million in 2024, a figure that could potentially decrease with a new, extended contract, thereby freeing up much-needed cap space. The savings could help the Dolphins sign their recent draft picks or attract a free-agent offensive guard into the fold, with Dalton Risner being a mentioned possibility.
Speculation around the contract’s worth places it in the vicinity of $220-$250 million, with an annual salary that could approach $55 million. Such figures suggest a groundbreaking deal, with rumors suggesting that over $180 million could be guaranteed. Industry projections, such as those from Spotrac, hint at a four-year deal worth around $220 million.
Jeremy Fowler of ESPN discussed the progress of the negotiations: “I’m told that negotiations have begun… The Dolphins have at least gotten the ball rolling. They are pretty committed to this, and their actions this offseason indicate that they are ready to pay him.”
The potential renewal raises questions among the Dolphins’ fanbase, split between those who see the financial logic behind securing a quarterback of Tagovailoa’s caliber and those concerned over his injury history and lack of playoff success. Despite these debates, the Dolphins’ leadership, including Grier and Head Coach Mike McDaniel, have expressed confidence in Tagovailoa as the team’s long-term quarterback.
As discussions progress, the Dolphins and Tagovailoa look to solidify a partnership that will shape the franchise’s future. Fans and analysts alike are eager to see if the young quarterback’s next contract will indeed reflect the team’s commitment and confidence in his potential to lead Miami to success in the coming years.