‘Significant’ Value Gap Between Raiders, Josh Jacobs

The second-most publicized of the negotiations between running backs and the teams who franchise-tagged them, the Josh Jacobs-Raiders talks do trail the Giants and Saquon Barkley for volume. But more is emerging in these Las Vegas-based discussions.

Although this is likely to come down to the wire, the Las Vegas Review-Journal’s Vincent Bonsignore notes a significant gap is believed to exist between Jacobs and the Raiders. The sides have not broken off talks, but less than three days remain until the deadline for tagged players to be extended. If the Raiders and Jacobs cannot agree on terms by 3pm CT Monday, he will be tied to the $10.1MM tag number this season.

If Jacobs does not sign by Monday, he is almost certain to miss training camp. Jacobs’ camp has relayed this, Paloma Villicana of FOX 5 News in Las Vegas tweets, with Bonsignore and Yahoo.com’s Charles Robinson confirming the fifth-year running back is prepared to skip camp if he remains on the tag after Monday’s deadline. With teams unable to fine players who have not signed their franchise tenders, Jacobs is not subject to the five-figure-per-day fines mandatory for contracted players who miss camp days. Jacobs, Barkley and Jaguars tight end Evan Engram have not signed their tenders; Tony Pollard signed his Cowboys tag in March.

A guarantee gap — one that may not be especially wide — stands between the Giants and Barkley coming to terms, but more hurdles may be present on Jacobs’ path to an extension. Authorizing a big-ticket running back contract is incongruent with the way Josh McDaniels and GM Dave Ziegler are planning to build the Raiders’ roster, Robinson adds. This is in step with The Patriot Way, which has seldom rewarded backs.

New England did extend trade acquisition Corey Dillon in 2005, but running back value began to shift in the years following that agreement. The Patriots later passed on re-ups for Laurence MaroneyBenJarvus Green-EllisStevan Ridley or Damien HarrisLeGarrette Blount‘s second Pats deal did not eclipse $2MM per year. After extending Dion Lewis on a low-level accord, the Patriots let the Titans pay him in 2018. Seeing as McDaniels and Ziegler are the latest ex-Patriot bastions given the keys to a franchise, how the Pats proceeded is relevant regarding the Raiders-Jacobs talks.

The Raiders traded away their top-market tight end contract, growing concerned about Darren Waller‘s injuries and shipping him to the Giants, but still have three eight-figure-per-year wide receiver deals on the books. The team added ex-McDaniels Patriots charge Jakobi Meyers on a three-year, $33MM accord ($16MM guaranteed) to go with Davante Adams‘ $28MM-per-year pact and Hunter Renfrow‘s two-year, $32MM extension. Rumblings about Renfrow going into his last year with the Raiders have surfaced, but the veteran slot receiver remains tied to an upper-middle-class receiver contract.

The team is carrying Jacobs’ $10.1MM franchise tag number along with these wideout contracts, and while that cap hit would drop with an extension, it does not seem like too much urgency exists on the Raiders’ part. Unlike Barkley’s negotiations, no terms have come out to indicate where the Raiders are with Jacobs. The reigning rushing champion, however, has not sounded particularly pleased with how the talks have unfolded.

A Jacobs trade should not be considered out of the question, Bonsignore adds, but the bleak Austin Ekeler and Dalvin Cook markets make such a move an unlikely scenario. And tag-and-trade scenarios after the July deadline lead to rental agreements, since Jacobs would be unable to sign a long-term deal with anyone until 2024. McDaniels also may face some pressure in Year 2, considering his 6-11 debut. Jacobs staying healthy — after logging a league-high 393 touches — will be key for the second-year Las Vegas HC. But the team does not appear ready to pay up to keep Jacobs around past 2023. The former first-rounder staying in Vegas beyond this season may be contingent on him making a major compromise.

Barkley has collected nearly $40MM during his five-year career; Jacobs has accumulated just more than $11MM in four seasons. Neither player is a realistic candidate to follow in Le’Veon Bell‘s 2018 footsteps, and Jacobs — despite a rumor that suggested Week 1 is up in the air if no deal is reached by Monday — should be considered less likely than Barkley to pass on game checks. But if no deal happens over the next 70 hours, the Raiders should not expect to see their starting running back for a while.

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