[UPDATE 2] - JON ROBINSON WORKED A GREAT DEAL HERE!!!1
Titans and RB Derrick Henry is signing a four-year, $50 million contract that includes $25.5 million guaranteed, source tells ESPN.— Adam Schefter (@AdamSchefter) July 15, 2020
In one off-season, the Titans keep both Henry and Ryan Tannehill on long-term deals.
[UPDATE] - It’s a 4-year deal according to Jay Glazer:
Hearing Derrick Henry has in fact agreed to terms on a new deal. Hearing 4 years— Jay Glazer (@JayGlazer) July 15, 2020
The Titans and Derrick Henry are finalizing a deal ahead of today’s 3 PM deadline for players who received the franchise tag to agree to a long-term deal according to Adam Schefter:
Titans and RB Derrick Henry now working to finalize a deal before today’s 4 pm ET deadline, per sources. Deal on way to being done.— Adam Schefter (@AdamSchefter) July 15, 2020
I said yesterday that a 3-year deal with guaranteed money in the $25-28 million dollar range would really make sense for both sides. It wouldn’t put the Titans in cap jeopardy if the production falls off, and it guarantees Henry the money he will get on the next 2 franchise tags.
We will update with the details as soon as they are available.