However, Abramson adds that the Dolphins best option could be to sign him to a three-year extension worth close to $21 million in total, depending Grimes’ asking price.
The 2014 franchise tag should come close to $11.3 million, which is fully guaranteed, so you can see why the Dolphins would at least consider the idea of exploring a long-term deal rather than pay him that kind of money next season.
Grimes, 30, put together a great season that earned him a trip to the Pro Bowl. He tallied 60 tackles, four interceptions including one for a touchdown, and 16 pass defenses. He was also the No. 2 cornerback in the league, according to Pro Football Focus.
Locking him up long-term also comes with some risk given his age and the fact that he’s dealt with some serious injuries in the past, but it would most likely offer them a lower cap figure to work with.
Grimes should be one of the more interesting free agents to watch this offseason as he’s clearly a very talented player, but teams may end up approaching him with caution.
We have him listed as the No. 13 player in our Top 50 Free Agents list.