Bengals wide receiver Tee Higgins has a decision to make in March: he will become a free agent, but the team has options to keep him. The team 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.
The Bengals have until March 5th to issue tags, and their plans will become clear soon. They have the ability to keep Higgins from hitting the open market, and it looks like they plan to take advantage of that opportunity.