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.
According to TheAthletic.com, the Bengals are expected to use the franchise tag on Higgins. They have the cap space to carry that salary in 2024, and Joe Burrow’s cap number remains relatively low before increasing significantly in 2025. Additionally, the wide receiver market’s overall makeup might benefit Higgins by waiting for a reset market to sign a multi-year deal.
With tags needing to be issued by March 5, 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.