With less than an hour remaining until this year’s deadline for franchise-tagged players to sign extensions, the Titans appear to have a deal done. They have agreed to terms with Derrick Henry on a long-term contract, Ian Rapoport of NFL.com tweets. The Titans announced the extension.
This has been a historically quiet tag deadline, due largely to the financial uncertainty the pandemic has caused. And as recently as Tuesday, the Titans and Henry were believed to be too far apart. But they stayed in contact and have finalized an agreement. It’s a four-year pact, Jay Glazer of Fox Sports reports (on Twitter).
The Titans and Henry worked on a deal for months. The final result: a four-year, $50MM agreement, with Adam Schefter of ESPN.com tweeting $25.5MM will be guaranteed. This $12.5MM-per-year pact comes in fifth among active backs, but with two years being essentially guaranteed, it will give the reigning rushing champion security at a position that largely lacks it.
Despite 15 players being tagged this offseason, Henry is only the second to sign an extension. He follows the Chiefs’ Chris Jones. The other teams who have used the tag are a half-hour away from carrying the tag salaries on their respective payrolls this season. The NFL moved the start of the league year back multiple times because of the CBA ratification process, but the league keeping the tag deadline in place has likely caused most teams to stand down amid the uncertainty the coronavirus has injected into the NFL’s future.
This has been a historically quiet tag deadline, due largely to the financial uncertainty the pandemic has caused. And as recently as Tuesday, the Titans and Henry were believed to be too far apart. But they stayed in contact and have finalized an agreement. It’s a four-year pact, Jay Glazer of Fox Sports reports (on Twitter).
The Titans and Henry worked on a deal for months. The final result: a four-year, $50MM agreement, with Adam Schefter of ESPN.com tweeting $25.5MM will be guaranteed. This $12.5MM-per-year pact comes in fifth among active backs, but with two years being essentially guaranteed, it will give the reigning rushing champion security at a position that largely lacks it.
Despite 15 players being tagged this offseason, Henry is only the second to sign an extension. He follows the Chiefs’ Chris Jones. The other teams who have used the tag are a half-hour away from carrying the tag salaries on their respective payrolls this season. The NFL moved the start of the league year back multiple times because of the CBA ratification process, but the league keeping the tag deadline in place has likely caused most teams to stand down amid the uncertainty the coronavirus has injected into the NFL’s future.
