NFL Fifth-Year Option Tracker 2024: Eligible Players, Salaries, and How It Works

The NFL has announced the fifth-year option salaries for first-round picks in the 2021 NFL Draft. Which players could have their options exercised?

The deadline for teams to pick up the fifth-year option for players selected in the first round of the 2021 NFL Draft was May 2, 2024. The salaries are based on position, play time, and performance and are guaranteed at the time the option is exercised.

NFL Fifth-Year Option Tracker

  1. Trevor Lawrence, QB, Jacksonville Jaguars
    $24.664 million | Exercised
  2. Zach Wilson, QB, Denver Broncos
    $22.408 million | Declined
  3. Trey Lance, QB, Dallas Cowboys
    $22.408 million | Declined
  4. Kyle Pitts, TE, Atlanta Falcons
    $10.878 million | Exercised
  5. Ja’Marr Chase, WR, Cincinnati Bengals
    $21.816 million | Exercised
  6. Jaylen Waddle, WR, Miami Dolphins
    $15.591 million | Exercised
  7. Penei Sewell, OL, Detroit Lions
    $19.04 million | Exercised: Signed four-year, $112 million extension through 2029
  8. Jaycee Horn, CB, Carolina Panthers
    $12.472 million | Exercised
  9. Patrick Surtain II, CB, Denver Broncos
    $19.802 million | Exercised
  10. DeVonta Smith, WR, Philadelphia Eagles
    $15.591 million | Exercised: Signed three-year, $75 million extension ($33.998 million guaranteed) through 2028
  11. Justin Fields, QB, Pittsburgh Steelers
    $25.664 million | Declined
  12. Micah Parsons, LB, Dallas Cowboys
    $24.007 million | Exercised
  13. Rashawn Slater, OL, Los Angeles Chargers
    $19.04 million | Exercised
  14. Alijah Vera-Tucker, OL, New York Jets
    $15.313 million | Exercised
  15. Mac Jones, QB, Jacksonville Jaguars
    $25.664 million | Declined
  16. Zaven Collins, LB, Arizona Cardinals
    $13.251 million | Declined
  17. Alex Leatherwood, OL, Free Agent
    N/A
  18. Jaelan Phillips, LB, Miami Dolphins
    $13.251 million | Exercised
  19. Jamin Davis, LB, Washington Commanders
    $14.483 million | Declined
  20. Kadarius Toney, WR, Kansas City Chiefs
    $14.435 million | Declined
  21. Kwity Paye, EDGE, Indianapolis Colts
    $13.387 million | Exercised
  22. Caleb Farley, CB, Tennessee Titans
    $12.472 million | Declined
  23. Christian Darrisaw, OL, Minnesota Vikings
    $16.037 million | Exercised
  24. Najee Harris, RB, Pittsburgh Steelers
    $6.79 million | Declined
  25. Travis Etienne Jr., RB, Jacksonville Jaguars
    $6.143 million | Exercised
  26. Greg Newsome, CB, Cleveland Browns
    $13.377 million | Exercised
  27. Rashod Bateman, WR, Baltimore Ravens
    $14.345 million | Ineligible: Signed two-year, $12.872 million extension ($6.435 guaranteed) through 2026
  28. Payton Turner, DE, New Orleans Saints
    $13.387 million | Declined
  29. Eric Stokes, CB, Green Bay Packers
    $12.472 million | Declined
  30. Gregory Rousseau, DE, Buffalo Bills
    $13.387 million | Exercised
  31. Odafe Oweh, DE, Baltimore Ravens
    $13.251 million | Exercised
  32. Joe Tryon-Shoyinka, DE, Tampa Bay Buccaneers
    $13.351 million | Declined

How the NFL Fifth-Year Option Works

The 2021 first-round draft picks whose options are exercised and who made two or more Pro Bowls in their first three seasons will be paid the franchise tag salary for their position in 2025.

The salary structure for players with one Pro Bowl appearance is the same as the 2025 transition tag.

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Players who were on the field for 75% of their team’s offensive or defensive snaps in two of their first three seasons or have a 50% playtime average over three seasons will earn the average of the 3rd-20th highest-paid players at their position.

Players that don’t meet any criterion of the above are paid the average of the 3rd-25th highest.

Fifth-Year Option Salaries for Players Selected to 2+ Pro Bowls

  • Quarterback | $38.301 million
  • Running Back | $11.951 million
  • Wide Receiver | $21.816 million
  • Tight End | $12.693 million
  • Offensive Lineman | $20.985 million
  • Defensive End | $21.324 million
  • Defensive Tackle | $22.102 million
  • Linebacker | $24.007 million
  • Cornerback | $19.082 million
  • Safety | $17.123 million
  • Kicker/Punter | $5.984 million

Fifth-Year Option Salaries for Players Selected to 1 Pro Bowl

  • Quarterback | $34.367 million
  • Running Back | $9.765 million
  • Wide Receiver | $19.766 million
  • Tight End | $10.878 million
  • Offensive Lineman | $19.04 million
  • Defensive End | $19.076 million
  • Defensive Tackle | $18.491 million
  • Linebacker | $19.971 million
  • Cornerback | $17.215 million
  • Safety | $13.816 million
  • Kicker/Punter | $5.433 million

Fifth-Year Option Salaries for Players Who Achieve Play-Time Criterion (No Pro Bowls)

  • Quarterback | $25.664 million
  • Running Back | $6.79 million
  • Wide Receiver | $15.591 million
  • Tight End | $7.96 million
  • Offensive Lineman | $16.037 million
  • Defensive End | $14.583 million
  • Defensive Tackle | $13.052 million
  • Linebacker | $14.483 million
  • Cornerback | $13.377 million
  • Safety | $9.511 million
  • Kicker/Punter | $4.394 million

Fifth-Year Option Salaries for Players Who Do Not Meet any Criterion

  • Quarterback | $22.408 million
  • Running Back | $6.143 million
  • Wide Receiver | $14.345 million
  • Tight End | $7.209 million
  • Offensive Lineman | $15.313 million
  • Defensive End | $13.387 million
  • Defensive Tackle | $11.754 million
  • Linebacker | $13.251 million
  • Cornerback | $12.472 million
  • Safety | $8.651 million
  • Kicker/Punter | $4.094 million

Looking for everything you need surrounding the 2024 NFL Draft? Make sure to check out the latest draft results, overall team grades, and updated best remaining players available at every position!

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