The Bengals wide receiver Tee Higgins is set to become a free agent in March, but the team has options to keep him. They could sign him to a long-term deal or use a franchise tag to extend negotiations into mid-July. If no deal is reached, Higgins has the option to sit out or play with a guaranteed salary of $20.7 million in 2024.
TheAthletic.com reports that the Bengals are expected to use the franchise tag on Higgins. This decision will likely be influenced by their cap space and Joe Burrow’s cap number, which remains relatively low before increasing significantly in 2025. Additionally, waiting for a reset market may benefit Higgins in signing a multi-year deal.
With tags needing to be issued by March 5th, the Bengals’ plans will become clear in the near future. The team has the ability to keep Higgins from hitting the open market, and it looks like they plan to take advantage of that opportunity.