In a recent development, it has been revealed that the Las Vegas Raiders’ pre-July 17 offer to running back Josh Jacobs was “not even close” to the lucrative $26 million he is set to earn over the next two years under the franchise tag.
Contrary to earlier reports, the Raiders did not offer the fully-guaranteed amount before the deadline for multi-year deals.
According to a source familiar with the situation, the Raiders’ offer was far from the $26 million mark. Had they presented such a proposal, Jacobs would likely have accepted it.
In fact, it appears that the Raiders didn’t even offer to guarantee two years of the franchise tag, which amounts to $22.2 million.
As previously explained, the Raiders’ initial offer before July 17 was merely a formality, designed to ensure that Jacobs couldn’t claim they hadn’t made an offer.
However, something changed more recently, prompting the Raiders to increase their offer significantly.
This led to Jacobs securing a deal worth at least $11.8 million this year and either $25.96 million over the next two years or the opportunity to enter the open market in 2024.
The revised deal offers Jacobs either $25.96 million over the next two years or the opportunity to enter the open market in 2024.
This revised offer was sufficient to convince Jacobs to accept, just as he would have done if the initial $26 million offer had been made before the July 17 deadline.
