Latest Odds of Redskins Re-signing Cousins Are Very, Very Low

WASHINGTON — With the Redskins’ 4 p.m. deadline Friday to sign Kirk Cousins to a long-term contract extension a little under four days out, the early returns seem to indicate it’s not very likely to happen.

How unlikely?

Last week Mike Florio reported for Pro Football Talk “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.”

Remember: Cousins will earn $19.95 million if he plays out 2016 on the franchise tag. If Friday’s deadline passes without a new deal for Cousins, their next window to negotiate won’t come until after the 2016 season.

Jason La Canfora took that impasse between the Redskins and Cousins a step further by applying a number value on the odds of a deal being reached. The odds Washington re-signs Cousins?

One percent, La Canfora says on CBSSports.com, the lowest odds he placed on any NFL team which has yet to extend a franchise-tagged player.

These two sides have never really gotten anywhere on a long-term deal before he was tagged, or after he was tagged, and this has always been a play-it-out situation for both parties. Redskins ownership has been wary to commit long-term in the deep end of an ever-growing quarterback pool, and, given the fact he’s already making $20 million this season, there is no reason for Cousins not to gamble on himself.

“From the moment Washington applied the tag, and Cousins almost instantly signed it, it was clear he was going to be playing 2016 on the tag,” La Canfora goes on to write. “And nothing that’s transpired since has diverted from that course at all.”

As La Canfora details, guaranteed money given to other quarterbacks this offseason could be in play big time. Brock Osweiler, who signed a $72 million deal with the Houston Texans, is guaranteed $37 million over the four-year life of the contract.

Already guaranteed $19.95 million, another highly successful season and Cousins could blow that $38 million-guarantee out of the water.

Follow @ChrisLingebach and @1067TheFan on Twitter.

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