The move would have costed the team $10.413 million in 2022, per Over The Cap.
Price will have another opportunity to prove to the team that drafted him in 2018 that he’s worth a second contract.
Price, 26, is a former first-round pick of the Bengals in 2018. He’s entering the fourth year of a four-year, $11.712 million rookie deal that included a $6.598 million signing bonus.
In 2020, Price was active for all 16 games, making one start for the Bengals.