"We feel really good about Ryan," Hickey said. "The market is what it is. We're excited about his future as our quarterback."
Tannehill is due $660,000 in 2015, plus a $1.5 million roster bonus. He set career highs in passing yards (4,045) and passing touchdowns (27) while throwing a career-low 12 interceptions last season. He has yet to make an appearance in the postseason.
The paper said the general idea is a $15 million annual salary with only the first two years guaranteed.
Miami has three options regarding Tannehill, per the paper. The team can let him play out the last year of his contract at $2.1 million and allow him to hit free agency; pick up his fifth-year option for 2016 at roughly $15 million, money that would be guaranteed in case of injury; or negotiate an extension.
Tannehill set career highs in passing yards (4,045) and passing touchdowns (27) while throwing a career-low 12 interceptions last season. He has yet to lead the Dolphins to the playoffs.
"We're excited about what Ryan has brought to the Dolphins," Hickey said. "We're excited about his future with the Dolphins."
The paper said the team must decide whether to negotiate a long-term contract extension with Tannehill "or simply exercise a one-year injury guarantee option that extends Tannehill through the 2016 season."
Tannehill is due $660,000 in 2015, plus a $1.5 million roster bonus.
Tannehill threw for 259 yards against the Jets in Week 17 which enabled him to become first Dolphins' quarterback since Dan Marino to throw more than 4,000 passing yards in a season. Tannehill completed 23 of his 39 pass attempts and also threw for one touchdown pass. Tannehill connected with Charles Clay for a 23-yard touchdown pass in the second quarter.
During the game, Tannehill also broke Marino's record for most completions in a season for the Dolphins. He finished the season with 4,045 passing yards, 27 touchdown passes and 12 interceptions.
Tannehill, who has found his greatest success this season when utilizing his legs, did it all with his arm Sunday. He racked up 396 yards through the air on 35 of 47 passing, the second-best total of his career, and added a career-best four touchdowns, while tossing one interception as well.
Tannehill has taken his game to another level this season, but consistency remains an issue. He has scored 30-plus points in two of the last five games, but had just 40 in the other three combined. He had consecutive 20-plus-point games just twice overall, heading into Week 17 against the Jets.
With the Dolphins announcing they will be keeping coach Joe Philbin around for the 2015 season, Tannehill's job should be secure. His upside is apparent, but he has still shown it only in flashes. He shouldn't be viewed as a top-10 quarterback for Fantasy purposes heading into the offseason.
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