Every member of the quarterback class of 2012 has become eligible to do a second contract. With much of the speculation centering on Russell Wilson and Andrew Luck, David Hyde of the South Florida Sun-Sentinel has thrown another name into the mix: Ryan Tannehill.
Hyde reports, citing an unnamed source, that the “framework” of a seven-year contract worth $105 million currently is being discussed. Multiple sources with knowledge of the situation tell PFT, however, that negotiations have not yet commenced.
One source said that, while the situation could change, discussions aren’t happening. Another source said that talks haven’t started, but the source expressed optimism that discussions will occur, at the Scouting Combine in Indianapolis.
Tannehill is under contract through 2015. The team has a fifth-year option that, if exercised, would pay Tannehill in 2016 the average of the 10 highest quarterback cap numbers in 2015.
The structure to any new contract would be the key, along with the amounts paid out in the early years of the deal.
If the Dolphins believe Tannehill is poised for a breakthrough season in 2015, it makes sense to lock him up now. If they don’t and if he becomes one of the top quarterbacks in the game, it could become much more expensive to lock him up later.