THURSDAY, 3:06pm: The Dolphins have officially exercised their option on Tannehill, tweets Armando Salguero of the Miami Herald.
WEDNESDAY, 7:59pm: The Dolphins will exercise the 2016 option on quarterback Ryan Tannehill’s contract, a league source tells Mike Florio of PFT. Tannehill was the No. 8 overall pick in the draft three years ago.
The Dolphins quarterback is now slated to earn $16.155MM in the fifth year of his contract. The Dolphins have been said to be interested in hammering out an extension and that, of course, could still happen. As Florio notes, the $16.1MM salary for ’16 sets the floor, the question now is what the ceiling will be for one of the league’s better young quarterbacks.
Florio has heard from people in football that they believe the Dolphins will make a very-good, but not great offer. Tannehill, who previously blinked in a contract snag as a rookie, is widely expected to play it safe and take the guaranteed dollars rather than go for a jackpot.
Tannehill, 27 in July, threw for a career high 4,045 yards in 2014, completing 392 out of 590 passes on the year. He threw for 27 touchdowns, a career high, with a career best 12 interceptions on the year.