“The team decides to exercise the franchise tag. I’m considering not playing on it,” said Landry, a three-time Pro Bowl selection who set an NFL record for catches in his first four seasons, bringing down 400 receptions for 4,038 yards and scoring 23 touchdowns on offense. “The franchise tag is not a good deal for me.”
Landry has since declined to comment on the reports.
Signing the franchise tag would guarantee Landry a one-year deal worth approximately $16.2 million in 2018. That tag designation would give him the highest base salary for a receiver in 2018. The exact figure for the franchise tag will be determined by the average of the five highest-paid players at his position.
The deadline for any club to sign a player placed on the franchise tag to a multi-year deal is July 16. After this date, the player may sign only a one-year contract with his prior club for the 2018 season, and that contract cannot be extended until after the club’s last regular-season game.
Signing the tag would give the Dolphins the greenlight to trade Landry to any team they desire once the league’s new year begins on March 14.
Signing the franchise tag could speed up the trade process, but it is hard to envision a team trading for Landry without him agreeing to a multi-year deal first because he’d likely be viewed as a one-year rental since giving him the tag for a second season would pay him roughly $19.5 million for one season.
Since 1993 three receivers have been tagged and traded. In 1995, the New York Jets traded Rob Moore to Arizona for the 16th overall pick in the 1995 draft, and tailback Ron Moore. In 2000, Seattle traded Joey Galloway to Dallas for a first-round pick in 2000 and 2001, and Buffalo sent Peerless Price to Atlanta for pick No. 23 in the 2003 draft.
Kenny Stills, a three-year starter for the Dolphins, has experience playing the slot position going back to his tenure with New Orleans. If Miami moves Stills inside Leonte Carroo and Jakeem Grant, two receivers selected in the 2015 draft, would compete to become the third receiver paired with Stills and DeVante Parker.
The Dolphins also have Drew Morgan, who worked exclusively in the slot last season while a member of Miami’s practice squad, two former Miami Hurricanes in Rashawn Scott and Malcolm Lewis, and Isaiah Ford, last year’s seventh-round pick, on the roster.