Dolphins Not Expected To Tag Jevon Holland

The Dolphins are not expected to place the franchise or transition tag on Jevon Holland, according to NFL Network’s Cameron Wolfe, setting him up to be one of the top safeties on the free agent market.

The franchise tag for safeties is projected to be $19.6MM, and the transition tag is projected to be $15.6MM, per OverTheCap. The Dolphins are currently projected to be $5.4MM over the 2025 salary cap, so they would have needed to make additional moves to accommodate a tag for Holland by the start of the new league year.

Oftentimes, though, the tag is used as a placeholder to allow extension negotiations to continue, which could lead to a long-term deal with a smaller 2025 cap hit. However, the Dolphins did not make significant progress towards an extension before the 2024 season, indicating that they and Holland remain far apart.

The Dolphins may not be completely out on re-signing Holland, but they seem willing to let him test the market this spring. That’s partially because the team has “a lot of needs elsewhere,” according to Wolfe, though letting Holland walk will certainly add to that list. Jordan Poyer, Miami’s other starting safety in 2024, is also set to hit free agency and may follow his former Bills teammate Micah Hyde into retirement.

After Antoine Winfield Jr. reset the safety market last offseason, Holland will likely be looking for an APY at $18MM or higher. The 2021 second-round pick has a strong pedigree as a three-time captain and defensive playmaker, though he has struggled with injuries and lower ball production over the last two seasons. That may limit his APY to the $16-17MM range of Xavier McKinney and Jessie Bates, especially with several other safeties set to hit free agency.

Holland could receive interest from the Jaguars, per Wolfe, who are looking to add playmakers on defense after hiring Anthony Campanile as defensive coordinator. Jacksonville has plenty of cap space and a clear hole in the secondary that Holland could fill.