Bengals yet to offer $35M per year to Trey Hendrickson

Well into the 2025 offseason, the Trey Hendrickson situation remains far from resolved. A trade sending the reigning NFL sack leader away from the Bengals is not expected by those around the league, but it remains to be seen if an extension agreement will be worked out.

Hendrickson’s efforts to land a lucrative new pact last spring were unsuccessful, and his trade request did not result in talks with interested teams taking place. This time around, the situation changed with the Bengals allowing the All-Pro to seek a trade. Cincinnati set a high asking price, and multiple offers were turned down as an illustration of the team’s desire to keep him in place for at least one more year.

Talks on a long-term pact have not gone according to plan, and both team and player have gone public with their remarks on the state of negotiations. A holdout is a possibility at this point (as is usually the case in at least a few situations around the league this time of year), and Hendrickson himself said last month talks are on hold. Finances will of course be critical in determining how this situation unfolds.

The top of the edge rush market now sits at $40M annually. While Hendrickson would be hard-pressed to match the value of Myles Garrett‘s new deal, he could aim for one closer to the $35M-per-season mark. The likes of Danielle Hunter, Maxx Crosby and Nick Bosa are each near that figure, and Hendrickson could look to join them. Albert Breer of Sports Illustrated writes, however, that the Bengals have yet to offer a deal with an AAV at or around $35M.

As things stand, Hendrickson is due to collect $16M in 2025 as a result of the short-term arrangement previously made with the team. The 30-year-old faced the opportunity of playing his way into a much more valuable pact last season, and he certainty did so by posting 17.5 sacks for the second straight season. That total helped earn him a fourth straight Pro Bowl nod and brought his Bengals total to 57 in 63 games. A notable raise is in store, but it remains to be seen how far into a new pact the team will be willing to go with respect to guaranteed compensation.

Quarterback Joe Burrow has maintained his support for a Hendrickson extension this offseason, and Breer predicts a deal will ultimately be worked out. Plenty of work remains in this case, though, and it will be interesting to see if the Bengals up their offer when negotiations pick up and if doing so helps to facilitate an agreement.