Tee Higgins’ Contract: Salary, Cap Hit, Potential Extension

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Cincinnati Bengals wide receiver Tee Higgins (85) at the line of scrimmage during the first half of an NFL football game against the New England Patriots, Saturday, Dec. 24, 2022, in Foxborough, Mass. (AP Photo/Greg M. Cooper)
(AP Photo/Greg M. Cooper)
BetMGM @BETMGM Jan 26, 2023, 11:15 PM
  • Tee Higgins was a second-round pick in 2020.
  • He signed a four-year contract that runs through 2023.
  • Higgins has more than 3,000 career receiving yards.

Three months after the Cincinnati Bengals selected him with the first pick of the second round (No. 33 overall) in the 2020 NFL Draft, Tee Higgins signed a four-year contract.

Tee Higgins Contract

The former Clemson star signed a four-year contract worth $8,686,785, approximately $5.9 million of which was guaranteed.

He received a signing bonus of $3,877,664, though as a cap hit it was spread out over four years in equal amounts of $969,416 from 2020-23.

Tee Higgins Salary & Cap Hit

Tee Higgins’ base salary for the 2022-23 NFL season is $1,399,708. His base salary will increase to $1,794,562 in 2023, the final year of the contract.

YearBase SalaryCap Hit
2020$610,000$1,579,416
2021$1,004,854 $1,974,270
2022$1,399,708 $2,369,124
2023$1,794,562 $2,763,978

Tee Higgins Extension

Tee Higgins – along with every other member of the 2020 NFL Draft class, including his teammate Joe Burrow – became eligible for an extension on Jan. 9, 2023, the day after the regular season ended.

Higgins’ estimated market value is $80.6 million over four years, according to Spotrac, an annual average of $20.1 million from 2024-27.

That deal would put him in the same neighborhood as D.K. Metcalf, Christian Kirk, Amari Cooper, and Terry McLaughlin, all of whom have an average annual salary between $18 million and $24 million.

Several other 2020 second-rounders, including Jalen Hurts, Jonathan Taylor, and Trevon Diggs, are in line for big extensions.

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Our BetMGM editors and authors are sports experts with a wealth of knowledge of the sports industry at all levels. Their coverage includes sports news, previews and predictions, fun facts, and betting.