Last week, we heard that the odds of an extension for the Rams and Trumaine Johnson are “extremely slim.” Now, Adam Schefter of ESPN.com hears (on Twitter) that there is “nothing close” between the two parties and flatly says that “no long-term deal will get done.” 
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Without a new deal, Johnson will play out the 2017 season on his one-year, $16.742MM franchise tender. This is the second straight year that the Rams have used the franchise tag on Johnson, though their actions have made it clear that they do not see him as a franchise player. The Rams seriously considered trading Johnson this offseason, though talks with teams like the Browns and Saints did not yield the kind of offers that they were seeking.
Johnson’s $16.742MM salary currently has him the highest-paid cornerback in the NFL on a per-year basis. After a season in which he graded out as Pro Football Focus’ 26th-best cornerback, one could argue that he’s drastically overpaid. The Rams probably weren’t crazy about that price tag, but they were also unwilling to lose a starting cornerback for the second consecutive offseason. Last year, the Rams franchised Johnson and allowed Janoris Jenkins to sign with the Giants in free agency.
26th out of 100+ isn’t terrible but also not “elite”. I think the Rams are screwing themselves here. I think Johnson would happily take a 4/$50 million deal and then guarantee it for $30 million. It’s cheaper than the salary tag on an annual scale, less guaranteed money then the tag this season and next season combined, but also would give Johnson financial security. It would be on value ~ the same as Janoris Jenkins too, so no one feels slighted