More than two weeks into training camp, Ja’Marr Chase has not practiced. The star Bengals wide receiver’s hold-in also included a missed practice this week, via ESPN.com’s Ben Baby. Two years, however, remain on Chase’s rookie deal. The Bengals have time here, as much as Chase wants to force the issue.
Although the Bengals could have waived fines had Chase staged a true holdout from the beginning of camp, Pro Football Talk’s Mike Florio notes the fourth-year wideout needed to show up to collect a $3.81MM training camp roster bonus. Rather than a holdout leading to fines scrapped (potentially) due to Chase being on his rookie deal, he would not have been able to recoup the bonus had he held out. Seeing as Chase has yet to cash in on a monster second contract, showing up for camp by Day 3 — when the bonus was due — was seemingly a non-decision.
More significantly, the Justin Jefferson contract has changed an already-booming receiver market. Chase wanted to wait for his college teammate to cash in, as it would stand to improve his terms, and the Vikings gave their All-Pro weapon a record-smashing $88.7MM guaranteed at signing and $110MM guaranteed in total. That has undoubtedly affected the Cowboys’ CeeDee Lamb negotiations and has likely bled into the 49ers’ talks with Brandon Aiyuk. Chase is younger than both and may end up the closest to Jefferson when these first-rounders are all signed.
Mike Brown said earlier in camp the Bengals view Chase as their second-best player and one the team would “bend over backwards” to sign, though the owner stopped short of saying an extension was likely this year. The owner/nominal GM alluded to no deal happening this year, but Chase is seemingly trying to force the team’s hand. The former No. 5 overall pick is tied to only a $1.1MM base salary (plus the aforementioned bonus) this year.
The Bengals exercising Chase’s fifth-year option, however, gives them two more years of control. Two other teams — the Eagles and Dolphins — broke with precedent by signing first-round receivers (DeVonta Smith, Jaylen Waddle) to extensions with two years of control remaining, but the Bengals are more traditional in how they operate.
While the Bengals paid Joe Burrow a year early, most teams with franchise-caliber first-round QBs do so. The team waited until just before A.J. Green‘s fifth season to pay him back in 2015. The Bengals also relented on contract structure for Burrow, authorizing guaranteed salary beyond Year 1. The Bengals traditionally only include the signing bonus as a post-Year 1 guarantee, as Orlando Brown Jr.‘s 2023 agreement showed recently. They might need to make an exception for Chase, but ESPN.com’s Dan Graziano brings this matter up as one that will pertain to the negotiations with the three-time Pro Bowler.
The Bengals would rather address this matter in 2025, Graziano adds, and SI.com’s Albert Breer offers that Chase may ultimately be OK with that route as well. Lamb and Aiyuk will likely have second contracts by then, providing a clearer roadmap for the new market. The Bengals may need to find a guarantee compromise with Chase, as Jefferson’s numbers are out of step with the market. Lamb and Aiyuk, however, figure to provide a bridge between Jefferson’s fully guaranteed figure and the next-closest number (Tyreek Hill‘s $54MM).
Chase and Jefferson were communicating during the latter’s Minnesota negotiation, Breer adds, so it stands to reason the Cincinnati target will seek a similarly structured contract. The Bengals are one of the few teams who still proceed this way in terms of guarantees, and Graziano adds this has caused issues with players they have attempted to sign in the past.
A report indicating the team has bristled at the notion it will need to change its guarantee policy for non-QBs sets the stage for a complicated negotiation. While Chase’s rookie deal points to this showdown taking place in 2025, this issue will certainly come up as the team’s top weapon angles for Jefferson-level terms.
