Fifth-year option of QB Justin Fields now in the hands of the Steelers

The Steelers have until May 2 to decide on Justin Fields fifth-year option.

One of the biggest sticking points with the Chicago Bears ability to trade quarterback Justin Fields was his pending fifth-year option. The longer the Bears waited, the closer that May 2 deadline crept and by then Chicago would presumably have already drafted USC quarterback Caleb Williams.

Now, with the news that the Bears traded Fields to the Pittsburgh Steelers, the onus now falls on the Steelers to decide how to handle that fifth-year option. What will the Steelers do?

The short answer is they aren’t going to give it to him. Pittsburgh might love Fields’ potential and plan on him being this team’s franchise quarterback but they aren’t going to pay him $25 million in 2025.

If the Steelers don’t pick up the option, this would mean that Fields and Russell Wilson would be free agents at the end of the 2024 season. We expect to see at least one of them signed to a contract extension before the start of the season, with our money on Wilson.

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Fifth-year option price set for Cowboys’ Micah Parsons

From @ToddBrock24f7: Exercising a 5th-year option on Parsons will cost the team $24M and lock him in for 2025 while they work toward a long-term extension.

Among the Cowboys players awaiting a big decision from the club this offseason is Micah Parsons.

The linebacker/edge rusher isn’t going anywhere (except in the most wildly radical of what-if hypotheticals), but the former first-round draft pick is now entering the fourth year of his rookie deal. The decision for the front office is whether to exercise a fifth-year option on him to lock him in through 2025.

They almost certainly will. And with the 2024 salary cap set, the Cowboys know how much a fifth year of paying for Parsons’s services will cost them.

Several factors go into the calculation. Parsons’s three original-ballot selections to the Pro Bowl translate to a salary equal to that of a franchise tender at the position in question. That means Parsons stands to make $24.007 million in 2025 once the Cowboys elect to exercise his option.

Talk of a Parsons extension is expected to be a hot topic this offseason, although the team does have several other big-money deals to work on, too. It’s widely thought he’ll end up being the highest-paid defensive player in NFL history with his next contract, and his price tag will only go higher the longer the Dallas front office waits as they take care of other business.

Wideout CeeDee Lamb saw his fifth-year option exercised last offseason. The two sides were unable to work out a longer extension prior to the 2023 campaign. Lamb had a record-setting season, and now a new deal that will likely reset the receiver market is a priority in Dallas.

Expect the Cowboys to similarly pick up Parsons’s option and continue to work toward a longer-term deal.

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The Cowboys, technically speaking, could also pick up the fifth-year option on quarterback Trey Lance, who was also a first-round pick- by the 49ers- in that same 2021 draft and has a rookie deal entering its fourth season. But while the third-stringer may remain an intriguing project for the team, he hasn’t done nearly enough to warrant a $22.408 million fifth-year salary.

Teams have until May 2 to exercise their fifth-year options on 2021 first-rounders.

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What Bears QB Justin Fields would make on his 5th-year option

Here’s what Justin Fields will make if his fifth-year option is picked up by the Bears — or someone else.

The clock is ticking on a decision regarding Chicago Bears quarterback Justin Fields, both when it comes to a possible trade as well as what to do with his fifth-year option. While we’re still a few weeks away from clarifying the former, the fifth-year option cost has been revealed.

On Friday, the NFL released the fifth-year option amounts for first-round picks from the 2021 NFL draft. They are broken out by position in four different tiers based on Pro Bowl accolades and playing time. Players who made multiple Pro Bowls will make the highest amount, followed by those who made one, then those who met the playing time requirement, and finally those who met none of the criteria.

Fields, the Bears’ 2021 first-round pick, is set to earn $25.664 million on the option in 2025. Fields fits in the third tier of players as he has yet to make a Pro Bowl but meets the criteria for snaps played during his three years in the league. The decision to pick up the option must be made by May 2, and it is fully guaranteed.

The financial commitment to Fields is just one of the factors that will determine his fate in Chicago. The Bears currently hold the No. 1 overall pick and could decide to select a quarterback to build around. It’s important to note that a quarterback picked first overall will have a cap hit of around $7.1 million in 2024, $8.9 million in 2025 and $10.6 million in 2026, for a total of approximately $26.5 million. These totals are slightly higher than the cap hits for Bryce Young, the 2023 first overall pick. The Bears can save quite a bit of money and spend their resources elsewhere to improve the team around a rookie QB.

The fifth-year option won’t impact the Bears or any team in 2024. Cap space isn’t a problem for them either, as they have approximately $80 million to spend. But it’s one of many factors that will help decide what Chicago plans to do at the quarterback position. With the NFL combine taking place next week, we’re getting closer and closer to knowing the answer.

Giving Steelers RB Najee Harris his fifth-year option is an easy decision

The Steelers must give Najee Harris his fifth-year option.

One of the big financial decisions the Pittsburgh Steelers need to make this offseason is whether or not to exercise the fifth-year option for running back Najee Harris. This would add an extra year to his current contract and pay him something in the neighborhood of $6.6 million in 2025.

The last time the Steelers had to make such a decision, they opted not to exercise the fifth-year option on linebacker Devin Bush. This, after Bush proved to be a wasted pick for the Steelers and a bust. But for Harris, the decision is an easy one as Harris has continued to improve in each of his three NFL seasons.

Harris has rushed for at least 1,000 yards in each season and has evolved in his running style to help keep himself healthy and improve his efficiency running the ball.

The argument against Harris getting the fifth-year option is the existence of Jaylen Warren. We don’t see it that way at all and thanks to the hire of new offensive coordinator Arthur Smith, the need to two great backs becomes even more important.

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Broncos have to make a decision on Pat Surtain’s 5th-year option by May 2

The Broncos have until May 2 to pick up Pat Surtain’s fifth-year option (for the 2025 season). It will be worth more than $18 million.

Every player selected in the first round of the 2021 NFL draft (including Denver Broncos cornerback Pat Surtain) has a clause in their contract that includes a fifth-year option for the 2025 season. The window to exercise that fifth-year option opened on Jan. 8. The deadline is May 2.

The Broncos still have more than three months to make a decision. Surtain’s fifth-year option is expected to be worth $18,421,000, according to OverTheCap.com. Picking it up will likely be a formality for Denver as the team negotiates an eventual long-term contract.

During the team’s end-of-season press conference earlier this month, general manager George Paton did not have an update on any potential contract negotiations.

“We’re all big fans of Pat,” Paton said on Jan. 9. “I think Sean [Payton] said it — we’re going to have a big meeting in a couple weeks and go through the entire roster, Pat included. We want Pat here for a long time, but I’m not prepared to make any statements on anything moving forward.”

Surtain is set to earn just north of $3.5 million in 2024 before potentially getting a big pay raise on his fifth-year option in 2025. The highest-paid cornerbacks in the NFL average more than $20 million per season, and Surtain’s agent will likely view that number as the floor in negotiations with the Broncos. There’s no immediate update on PS2’s contract status, but he’ll be paid handsomely when the time comes.

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Steelers HC Mike Tomlin hints at 5th-year option for RB Najee Harris

Najee Harris was the Steelers first-round pick in the 2021 NFL draft.

The Pittsburgh Steelers have several big contract decisions to make this offseason. None will be bigger than the decision the front office has to make about whether or not to pick up the fifth-year option on running back Najee Harris.

Harris was the Steelers first-round pick in 2021 out of the University of Alabama. Through his first three seasons, Harris has 3,269 rushing yards, 866 receiving yards and 28 total touchdowns. Harris has topped 1,000 rushing yards every season.

During his final press conference of the season, head coach Mike Tomlin was asked about Harris and the fifth-year option and Tomlin didn’t have to say much for it to seem the team is leaning toward giving Harris the option.

“He’s been what we needed him to be,” Tomlin said. In 2023, Harris became part of a two-headed rushing attack with Jaylen Warren. Will the emergence of Warren hurt Harris’ leverage with the fifth-year option and a new contract?

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Broncos pick up Jerry Jeudy’s fifth-year contract option

The Broncos have picked up Jerry Jeudy’s fifth-year option, keeping him under contract through the 2024 season.

Just ahead of the NFL’s Tuesday deadline, the Denver Broncos have exercised wide receiver Jerry Jeudy’s fifth-year contract option, NFL Network’s Tom Pelissero first reported on Monday.

By picking up the option, the Broncos have now ensured that Jeudy will be under contract for the 2024 season. Entering the fourth year of his rookie deal, Jeudy was already under contract for the upcoming 2023 season.

Jeudy, 24, is set to have a base salary of about $2.68 million this fall with a salary cap hit just north of $4.83 million. Next year, on his contract option, Jeudy’s salary will increase to $12.987 million.

Even after a significant increase in pay next season, Jeudy will still be a relative bargain for Denver in 2024. Jeudy’s cap hit will rank 27th among receivers next year, behind teammates Courtland Sutton (18th, $17.325 million) and Tim Patrick (26th; $13 million).

If the Broncos want to keep Jeudy long-term, they will eventually have to work out a contract extension, but for now, picking up his option ensures that Jeudy is signed through at least the next two seasons.

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Vikings exercise fifth-year option on Justin Jefferson

The Minnesota Vikings exercised the fifth-year option on wide receiver Justin Jefferson.

The Minnesota Vikings made one of the biggest no-brainers in the history of fifth-year options. According to NFL Network’s Ian Rapoport, the Vikings have exercised the fifth-year option on wide receiver Justin Jefferson.

This makes all the sense in the world. They had until Monday, May 1st to exercise it and they have locked in Jefferson at $19.743 million for the 2024 season.

He has been one of the best wide receivers in NFL history through the first three seasons. His 324 yards and 4,825 yards are the most in NFL history through the first three seasons of a career. He also has 25 touchdowns to his credit.

The Vikings will hopefully get a contract extension done with Jefferson soon, and they now have more time to get that done.

CeeDee Lamb extension ‘bigger priority’ following Cowboys draft, per Jones

Stephen Jones says locking in a long-term deal is still “on our radar,” but it will start with exercising Lamb’s fifth-year option by May 1. | From @ToddBrock24f7

Locking down wide receiver CeeDee Lamb’s place on the Cowboys roster for the foreseeable future with a contract extension is something the team has said they’re open to doing this offseason.

“Obviously, they’re in our plans long-term, executive vice president Stephen Jones went on record as saying back in February, referring to Lamb and his 2020 draft-classmate Trevon Diggs.

The first step to securing Lamb’s services beyond this season, though, is exercising the fifth-year option on his rookie deal. That would set his 2024 salary at $17.99 million. And all they have to do to flip that switch is say the word before May 1, the day after draft weekend.

But they haven’t done so yet.

“Well, obviously, our focus has been on keeping the guys who were free [agents], you know, keeping the guys that we could keep,” Jones told the K&C Masterpiece on 105.3 The Fan on Tuesday. “But we’re not able to, you know, always have a clean run. But as we said, we were certainly thrilled to get Dono[van] Wilson in the mix there. Certainly, we lost some tough ones in terms of Dalton [Schultz] and then, of course, Connor McGovern. But you know, that’s certainly our priority. As we move forward, that’ll become a bigger priority here as we move past the draft.”

To be fair, the Cowboys front office did have a busier free agency period than had become typical in recent years. They pulled off two major trades to get wide receiver Brandin Cooks and cornerback Stephon Gilmore, and they also managed to re-sign a majority of the players they wanted to keep.

So getting advance deals done on guys like Lamb and Diggs may not have been a big priority, especially with seven draft picks to prep for.

And who knows? The draft could potentially see a prospect come the Cowboys’ way that changes the club’s thinking on any player on the roster, and the Joneses do love to keep their options open as long as humanly possible.

Dallas is widely thought to be in the market for wide receiver help in this year’s draft, maybe even in the first round, where they lucked into landing Lamb in 2020. And if a Jaxon Smith-Njigba or a Zay Flowers ends up joining the Cowboys, well, that could theoretically change the team’s plans at the position.

But it’s a far safer bet that the team will simply exercise the fifth-year option on Lamb by the May 1 deadline… and then still sit down to re-work a longer-term contract over the summer. That deal would earn Lamb a higher payday but would ease the club’s scheduled $18 million 2024 cap hit.

That, Jones reminded, is something else the Cowboys front office loves to do. As Cowboys Wire documented earlier this month, the team took this same approach with Tyron Smith in 2015, Travis Frederick in 2016, Zack Martin in 2017, and Ezekiel Elliott in 2018. (It should be noted, though, that Elliott exercised some leverage of his own and stayed away from training camp after the fifth-year option was utilized. His mega-deal wasn’t inked until September of that year.)

“We’ve historically signed a lot of guys during that training camp period to extensions, but you know, guys like CeeDee Lamb and Diggs are certainly on our radar in terms of guys that we’d love to have around here for another five, six years, whatever that turns out to be.”

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Broncos not rushing decision on Jerry Jeudy’s 5th-year option

“We make those decisions, I believe in May, right near the draft. We’ll make that decision [around then],” Paton said of Jeudy’s option.

Players selected in the first round of an NFL draft have a built-in clause in their contracts that allows their team to exercise a fifth-year option.

This offseason, teams who picked a player in the first round of the 2020 NFL draft can exercise a fifth-year contract option for the 2024 season. For the Denver Broncos, that applies to wide receiver Jerry Jeudy, who was picked 15th overall out of Alabama in 2020.

Teams have until May 1 to make a decision on fifth-year options, and the Broncos aren’t rushing their decision.

“Really happy with how Jerry finished off the season, especially the last couple of games,” general manager George Paton said at the combine last week. “We make those decisions, I believe in May, right near the draft. We’ll make that decision [around then]. Really happy with where Jerry is at.”

Picking up Jeudy’s option would cost the team just $12,987,000 in 2024 salary cap space, which is a bargain for a top receiver in today’s market. Jeudy, 23, is coming off a career year in which he totaled 67 receptions for 972 yards and six touchdowns in 2022.

Exercising the fifth-year option should be an easy decision for Denver, so waiting until closer to the deadline is likely just a formality.

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