Trey Hendrickson Not Seeing Bengals Talks Shift; Guarantees Remain Issue

Following Terry McLaurin, Trey Hendrickson reported to training camp after a brief holdout. The Bengals can no longer levy nonwaivable $50K fines daily, but they will not see the disgruntled defensive end suit up for practice.

Hendrickson will also follow the Commanders wideout in staging a hold-in; unlike McLaurin, no injury designation is covering this tactic. Hendrickson (via the Cincinnati Enquirer’s Kelsey Conway) is healthy and not working out due to dissatisfaction with his Bengals negotiations.

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Although Hendrickson reporting to camp can be interpreted as a positive sign, the 2024 sack leader squashed a notion of improvement by saying (via The Athletic’s Paul Dehner Jr.) “nothing has changed” with regard to his Bengals impasse. Though, Fox Sports’ Jordan Schultz indicates Hendrickson does plan to attend Bengals meetings to stay engaged while embroiled in this dispute.

Hendrickson wants future salary guarantees, a contract dealbreaker — for non-Joe Burrow and Ja’Marr Chase performers — in Cincinnati. A report indicated Hendrickson rejected multiple Bengals offers following the franchise’s traditional structure, which features no post-Year 1 salary guarantees, and ESPN’s Adam Schefter confirmed (during a Pat McAfee Show appearance) locked-in money represents the final hurdle here. The parties are believed to be in agreement on total value.

The Bengals are not willing to budge much on guarantees, per Schefter, who indicates the parties are far apart here. Schefter pointed to a roughly $10MM guarantee gap existing while adding, in a notable inclusion, the Bengals have discussed a partial guarantee for Year 2 of the extension. We broached this as a possible middle ground in the latest Trade Rumors Front Office post, though Hendrickson is displeased with the amount of guaranteed money the team is willing to provide post-Year 1. For 2025, however, NFL.com’s Ian Rapoport and Tom Pelissero note Hendrickson would receive a “huge” raise.

Cincy broke with its guarantee M.O. for Chase while tying Tee Higgins to a traditional deal. Higgins being paid almost definitely is affecting Hendrickson, as all signs were pointing to Higgins departing — in free agency or via a tag-and-trade move — in 2025. Burrow’s persistent lobbying undoubtedly swayed the Bengals on Higgins, and the QB is still pushing for a Hendrickson extension. Considering the weight Burrow holds, his latest endorsement is notable.

“This is the guy that has the most sacks over the last two years,” Burrow said, via SI.com’s Russ Heltman. “Production is value in this league. I know you can think you’re such a good player, but to not have any production doesn’t really matter. So when you have a guy like that, you want to reward him.”

Burrow made a public plea to the Bengals on Hendrickson in May as well. Hendrickson and the Bengals being in agreement regarding value is an important takeaway here, but with the perennial Pro Bowler set to turn 31 later this year, ensuring protections beyond the first year of an extension represents an important negotiating component. An AAV number has not surfaced, but it would stand to reason it would be close to the $35.6MM figure Danielle Hunter agreed to with the Texans ahead of his age-31 season.

Early this summer, however, no $35MM-AAV proposal had come from the team. The Bengals had preferred to resolve this with a one-year add-on; Hendrickson already did that (in 2023), being tied to that one-year, $21MM bump. Significant updates to his position’s market have emerged since, many coming this year.

T.J. Watt raising the EDGE ceiling (to $41MM) before his age-31 campaign could also have inflated Hendrickson’s asking price; Watt’s full guarantees on a three-year deal ($108MM) likely emboldened the Cincinnati rusher as well.

While Hendrickson is unlikely to surpass that, the Bengals have seen this saga play out during an offseason in which the position’s market has seen four updates to its previous highwater mark (Nick Bosa‘s $34MM-per-year deal). Micah Parsons is at odds with the Cowboys, but that deal could affect a Hendrickson rate as well. Parsons going first and raising the market past $41MM per annum could introduce another element in the Hendrickson talks. For now, the sides remain dug in on the guarantee matter.