This will cost the Titans $10.2 million fully guaranteed for the 2020 season, but won’t prevent them from working on an extension in the coming months.
Titans GM Jon Robinson said he spoke with Henry’s representation about a long-term extension after using the non-exclusive franchise tag on him and will resume negotiations sometime before training camp.
“I have spoken to (Derrick’s) representatives after we used the tag and we want to continue to have those discussions … in hopes of reaching some type of long-term agreement and we’ll kick those conversations off again here certainly before training camp gets ramped up and going,” said Robinson, via Jim Wyatt of the team’s official site.
Robinson added that Henry’s agent has indicated the running back still wants to continue working on a long-term extension.
“I think any time a player, when you have to use the tag on them, that’s something that ideally they probably don’t want,” Robinson said. “But still, at the same time, I know that he wants to be a part of this football team and I thought it was good that they communicated back he does want to be here, and he does want to keep working on this thing. It wasn’t something like, ‘OK, well, I’ll take the (tag) and I’m done, or I am just going to do whatever. He wants to be here, and he conveyed the message to me, through his agent, that he wants to keep working on this thing and we do, too.”
Henry, 26, is a former second-round pick of the Titans back in 2016. He finished the final year of his four-year, $5.407 million rookie contract and was set to be an unrestricted free agent.
In 2019, Henry appeared in 15 games for the Titans and rushed 303 times for 1,540 yards (5.1 YPC) and 16 touchdowns. He’s also added 18 receptions for 206 yards and two touchdowns.