In a move that reaffirms the franchise’s confidence in its quarterback, the Miami Dolphins are exercising Tua Tagovailoa’s fifth-year option, according to a league source Friday.
The decision locks in Tagovailoa through the 2024 season. The Dolphins had already said they were committed to Tagovailoa for the 2023 season, Tagovailoa’s fourth after being drafted at No. 5 in 2020.
Now on the fifth-year option, he is set to make $23.2 million in 2024, a figure that’s a bargain compared to many of the NFL’s high-priced quarterback contracts. The team can still decide to sign Tagovailoa to a long-term extension next offseason or, if it continues to go year to year with him, utilize the franchise tag in 2025.
