Kirk Cousins Won’t Sign Extension Before Franchise Deadline

Pending free agent quarterback Kirk Cousins isn’t planning to ink an extension with the Redskins before the franchise tag deadline on March 1, according to Mike Florio of Pro Football Talk.Kirk Cousins (vertical)

[RELATED: 2017 Franchise Tag Candidates]

Because Cousins signed the franchise tender last season, he’d be due a 120% raise if tagged again this offseason, meaning he’d be entitled to a one-year, fully guaranteed salary of $23.94MM. As such, Cousins’ financial calculation is a simple one: not only would accepting the tag force Washington to work off that nearly $24MM total in negotiations, but Cousins can point to exact numbers in terms of guaranteed money on a long-term deal.

As Florio writes, a tag in 2017 plus another 120% raise in 2018 would equal more than $52MM in guarantees over the next two seasons, and Cousins would be unlikely to accept any figure that comes in south of that total on an extension. Plus, Cousins will probably sign the franchise tender immediately (as he did in 2016), thus backing the Redskins into a position where Cousins has nothing to lose.

Washington reportedly wants to reach a long-term deal with Cousins, but as of earlier this month, the two parties hadn’t made much progress towards an extension. At one point, Redskins management may have considered letting Cousins gauge his value on the open market, but that won’t happen now that Cousins backers Kyle Shanahan and Sean McVay are now in head coaching positions.

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