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Redskins release statement detailing Kirk Cousins contract negotiation process

Redskins release statement detailing Kirk Cousins contract negotiation process

The Monday deadline passed and Redskins quarterback Kirk Cousins did not find himself with a new contract extension.

Cousins will make $24 million guaranteed in 2017 and will face the prospect of free agency, another franchise tag or a new contract with the Redskins once the upcoming season ends.

Following the Monday deadline, Redskins team president Bruce Allen released a statement that detailed the organization's efforts to re-sign the the starting quarterback.

"Our goal was to sign Kirk to a long-term contract with the final objective of having him finish his career with the Redskins," the statement read.

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"On May 2, right after the draft, we made Kirk an offer that included the highest fully guaranteed amount upon signing for a quarterback in NFL history ($53 million) and guaranteed a total of $72 million for injury. The deal would have made him at least the second highest-paid player by average per year in NFL History."

Allen made it clear that he met with Cousins face-to-face hoping to get a deal finalized before the deadline.

"But despite our repeated attempts, we have not received any offer from Kirk's agent this year."

"Kirk has made it clear that he prefers to play on a year-to-year basis. While we would have liked to work out a long-term contract before this season, we accept his decision."

The organization remains hopeful that a long-term contract can get done in the future, but they will have to wait until the end of the 2017 season.

The Redskins begin training camp in Richmond, Va. on Thursday, July 27.

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No contract extension for Kirk Cousins following deadline

No contract extension for Kirk Cousins following deadline

Despite throwing for nearly 5,000 yards and breaking his own franchise passing yards record, the Redskins did not agree to multi-year terms with quarterback Kirk Cousins before the franchise tag deadline.

Again.

For weeks, if not months, it seemed the organization and player were not on the same page about long-term value.

Once the clock hit 4:00 p.m. on Monday the franchise tag locked in for the 2017 season.

RELATED: REDSKINS RELEASE STATEMENT DETAILING CONTRACT NEGOTIATION

The Redskins offered Cousins $53 million guaranteed, with $72 million guaranteed for injury. But Cousins prefers to play it year-to-year. 

Cousins will now make $24 million guaranteed in 2017 and again face the prospect of free agency, another tag or a new contract with the Redskins next season.

If this all sounds familiar, it should. The exact same scenario played out last year, with Cousins making $20 million playing on the 2016 franchise tag.

That means for 2016 and 2017, Cousins will have made $44 million guaranteed. And should the Redskins again use a tag in 2018, whether that's transition or franchise, the QB will make at least $72 million guaranteed during that three year span. 

Due to terms of the franchise tag, Cousins and the Redskins cannot discuss another contract until the 2017 season concludes. 

RELATED: RANKING THE REDSKINS ROSTER

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Even if no deal today, Ian Rapoport sees Cousins as Redskins QB in 2019

Even if no deal today, Ian Rapoport sees Cousins as Redskins QB in 2019

If Ian Rapoport had to bet on who will be the Redskins QB in 2019, he's putting his money on Kirk Cousins.

"I do think it will be Kirk Cousins," Rapoport said. "Obviously, no deal's gonna happen today, barring something crazy. I don't even know what would get it done today, honestly."

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If it can't get done Monday, the NFL Insider told the Sports Junkies that he does feel a deal could get done in 2018.

"There is going to be plenty of time to get this deal done. If he goes out and has a great, great year, then his leverage is astronomical. If he goes out and has an OK year, or maybe plays well and the team doesn't make the playoffs, something like that, there is a number that would make sense. Maybe Cousins has great feelings about the organization, loves it, wants to stay, and maybe it's 27, 28 million a year and he says you know what, I'm just gonna stay."

Rapoport also brought up a question that has been a big topic of discussion during the offseason. How much is Cousins actually worth? Many feel that Cousins wants to explore his potential value in the NFL. Who could blame him? Athletes in today's world are getting paid major bucks.

No matter his worth, Rapoport sees testing the open market as beneficial for all involved.

"We are going to find out his real value on the open market and I think there is a lot to be said for both sides to see what someone else will pay him. I think that will help give some clarity, who has leverage, who doesn't, what this is going to end up at if there are some other bidders. I think that probably is something that would really benefit everyone in this situation."