WASHINGTON — The Redskins will not reach an agreement with quarterback Kirk Cousins on a long-term contract extension before the July 15 deadline, Mike Florio of Pro Football Talk reports.
For Washington quarterback Kirk Cousins, the deadline is irrelevant; an impasse exists that won’t be broken in the next eight days.
Per a source with knowledge of the situation, nothing is happening by way of negotiations between Cousins and the team, and nothing will be happening. The two sides won’t be reaching a long-term deal before the July 15 deadline.
The 4 p.m. July 15 deadline is in play for all players who signed a franchise tag this offseason, which Cousins did, preventing them from signing a long-term extension after the imposed date.
The next negotiating opportunity wouldn’t come until after the 2016 season, at which point the Redskins could decide to extend Cousins, franchise-tag him again (at a drastically higher cost), or let him walk in free agency.
While Florio’s report indicates no deal is forthcoming, that could change instantly should the Redskins decide, in these final days of the negotiating period, to reverse course and make Cousins a substantial offer he cannot refuse.
The market for starting quarterbacks has reset during the time of Cousins and Washington’s inaction; Sam Bradford signed a two-year, $35 million deal with Philadelphia for an average annual value (AAV) of $17.5 million; Brock Osweiler signed a four-year, $72 million deal with Houston ($18 million AAV); Andrew Luck also just signed a five-year, $122.97 million deal with Indianapolis ($24.59 AAV).
Salary cap expert Joel Corry assessed Cousins’ potential value last week on 106.7 The Fan’s “Grant & Danny” show.
Cousins is set to earn $19.95 million under the franchise tag in 2016.