According to Palmer, the Chiefs have made it clear that they want to retain him long-term.
However, there are clear questions about how the ongoing pandemic will impact the 2021 salary cap.
Palmer says the Chiefs are hoping to get some clarity from the league before the July 15th deadline to negotiate with franchise players.
It’s worth mentioning that the Chiefs need to balance a potential extension Jones with paying QB Patrick Mahomes a record deal.
Jones is reportedly seeking a deal similar in value to teammate Frank Clark’s five-year, $105 million contract that included $63.5 million guaranteed. However, Kansas City was reportedly offering him closer to $42 million guaranteed over the first three years in a long-term deal.
The franchise tag will cost the Chiefs $16.1 million fully guaranteed for the 2020 season.
Jones, 25, is a former second-round pick of the Chiefs back in 2016. He just finished the final year of his four-year, $6.231 million contract and made a base salary of $1.19 million in the final year of the agreement.
In 2019, Jones appeared in 13 games for the Chiefs and recorded 36 tackles, nine sacks, one forced fumble, one recovery and four pass defenses.
We’ll have more regarding Jones as the news is available.