Procrastination reigns in the NFL. Coming into Tuesday, only two teams — the Bengals and Chiefs — had used their franchise tags. A host of subsequent tag calls are coming in hours before the 3pm deadline.
The Bears will follow through with their long-rumored Jaylon Johnson tag, NFL.com’s Ian Rapoport reports. Although the Bears let Johnson seek a trade before last year’s deadline, they held onto the breakout corner. After an All-Pro season, the former second-round pick will be tied to a $19.8MM tag.
Given the interest from the Bears and Johnson about a long-term Chicago partnership, this was not a difficult tag to predict. As a result, the Bears will have until July 15 to work on an extension with the former second-round pick. Ryan Poles‘ team came into Tuesday with considerable cap space. The Bears will still have more than $55MM after tagging Johnson.
No cornerback had been tagged since the Rams kept Trumaine Johnson off the 2017 free agent market; this year, two corners have been cuffed. While the Chiefs have opened the window to a tag-and-trade move involving L’Jarius Sneed, the Bears look more likely to hang onto Johnson and work on an extension. The sides resumed talks recently.
Johnson, 25, did not look like a possible tag recipient coming into last season; like many have in modern NFL history, Johnson timed his breakout well. Pro Football Focus rated Johnson as the league’s best cornerback in 2023, and the former second-round pick intercepted four passes and allowed just a 50.9 passer rating as the closest defender. Johnson’s previous-best rating allowed: 94.6 in 2022. It would make some sense if the Bears made the Utah alum prove his second-team All-Pro slate was not a fluke, but the sides were talking an extension midway through last season. With Johnson floating out the prospect he wants to become the NFL’s highest-paid corner, these negotiations might be tricky.
Although Johnson has not proven to be a difference-maker over multiple seasons, the tag gives him some leverage in talks. Due to the recent cap spike, the 2024 CB tag number nearly matches Jaire Alexander‘s position-record AAV ($21MM). That said, the Bears also hold leverage by using the tag. Johnson can realistically only negotiate with one team, though the Bears would be entitled to a two-first-rounder haul if they failed to match another club’s offer sheet. That is a rare occurrence in franchise tag history.
Contract talks not progressing last fall led the Bears to let Johnson seek a trade hours before the deadline. The Bills and 49ers were among the teams to show interest, but the Bears sought a first- or second-round pick for the four-year starter. It is safe to assume no such offer emerged, and the sides regrouped. The Bears subsequently traded for Montez Sweat and extended him. With most of the Ryan Pace-era pieces off the roster on defense, Poles has some room to maneuver on defense. Although he did authorize a top-five ILB contract for Tremaine Edmunds, Poles does not have a big-ticket contract in place in the secondary at present. That could clear some runway space for a Johnson accord by July.
For now, teams in need of cornerbacks may look to the trade market. Conversely, the second-tier corners on this year’s market stand to see their price tags rise as a result of the Sneed and Johnson tags.
Gee the Bears couldn’t get a deal done for big money? That’s surprising he said sarcastically. He could be a way back into the 2nd round in this draft. There are some surprising names available at CB in FA. Depending on how much they cost they might be able to save some money here. Bears have solid CB’s without him, but they’re better with him if they can keep it reasonable. Spread it out so that he gets 18 million this year and then a little more in subsequent years. Yeah I know it gets averaged out but it can be done.
There were several reports last week that they were making progress on a deal. They just ran out of time and had to tag him. Poles will get this done.