Because Watkins was chosen within the first 10 picks of the 2014 draft, his fifth-year option will be equal to the 2017 transition tag amount for a wide receiver, or about $13 million. Assuming the Bills exercise the option by May 2, that 2018 salary will be guaranteed only for injury; it will not become fully guaranteed until the beginning of the 2018 league year next March. That gives Buffalo protection to withdraw the option if Watkins' play declines this season and they decide he is no longer worth the money.
The second decision is trickier: Do they give Watkins a second contract? If so, how early are they willing to offer an extension? Now that Watkins has completed his third season in the NFL, the collective bargaining agreement allows the Bills to renegotiate his contract and extend it. But as long as the Bills exercise Watkins' fifth-year option and keep him under their control until March 2019, when he would become a free agent, there is little urgency for a new deal to get done this year.
Comment