The Cincinnati Bengals have placed a second franchise tag on WR Tee Higgins. The move comes with a $26,179,200 price for the upcoming season, which represents 120% of his 2024 tag figure. The salary won't become guaranteed until Higgins actually signs the tag, a move he is not expected to make anytime soon as he seeks a multi-year extension from the team.

Despite not being signed, the Cincinnati must factor the tag into their Top 51 cap space for the new league year. The Bengals currently possess around $43.8M of room (including the tag figure).

Cincy may now look to shop Higgins, or workout an extension before July 15th (the deadline to extend a tagged player).