Tuesday is the deadline for NFL teams to exercise the fifth-year option on eligible players from the 2020 NFL Draft.
Players chosen in the first round of the NFL draft sign four-year contracts. Those contracts come with a team option for a fifth season. After the player completes his third year in the league, teams have to decide if they want to exercise the option.
1. Multiple Pro Bowls: Players who made two Pro Bowls on the original ballot (not reserve) will have their base salary equal to the franchise tag tender at their position.
2.One Pro Bowl: Players who made one Pro Bowl on the original ballot have their base salary equal to the transition tag at their position.
3. Playing time: For players who didn’t make a Pro Bowl, but their snap counts during their first three seasons meet one of the following three requirements: a) 75% or greater in two of their first three seasons b) an average of 75% or greater over all three seasons. c) 50% or greater over all three seasons. These players will have their fifth-year base salary calculated from the average of the 3rd- to 25th-highest salaries at their position over the past five seasons.
4. Basic: Players who do not meet any of the above will have their fifth-year base salary calculated from the average of the 3rd- to 25th-highest salaries at their position over the past five seasons.
Here are all of the players (sorted by position), what they’re due in 2024 on the option, and whether or not the option has been picked up or declined.
Quarterbacks
Joe Burrow, Bengals: $29,504,000 (one Pro Bowl) — Exercised
Justin Herbert, Chargers: $29,504,000 (one Pro Bowl) — Exercised
Tua Tagovailoa, Dolphins: $23,171,000 (playing time) — Exercised
Jordan Love, Packers: $20,272,000 (basic) — Extended
Patrick grew up in Chicago's Bridgeport and Garfield Ridge neighborhoods before moving to the Western Suburbs of Chicago before eventually relocating to the Las Vegas area with his family in 2023. He started with Bleacher Nation in 2021 and has spent time as a Staff Writer and on the Chicago Blackhawks beat. He is currently a writer and editor at Bleacher Nation covering the Chicago Bears and the NFL at large and the author of the Bleacher Nation Newsletter. Patrick is a member of the Pro Football Writers of America (PFWA).
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