Although Locker is under contract through the 2014 season at a base salary of $2.09 million, the Titans hold a 2015 team option. The problem for Tennessee is that they will need to decide whether or not to pick up Locker’s 2015 option by May 3, 2014.
Locker is a part of the 2010 rookie class, which is the draft class to fall under the rules of the new collective bargaining agreement. Since Locker was a top-10 pick, the Titans are afford the option of keeping him for a fifth season, but doing so would require them to pay him a salary equal to the NFL transition tag.
For a little perspective, the 2013 transition tag was $13.068 million. So you can why this is a big decision for Tennessee. They will need to make this decision before Locker plays even a single game in 2014.
Locker will miss the remainder of the 2013 season after he suffered a Lisfranc injury this past weekend. This means Locker will have missed 14 of 32 career starts due to injury and his overall record as the team’s starter is just 8-10.
All things considered, I would expect the Titans to decline the option and try to possibly work out an extension if they want to keep him moving forward.