Cincinnati Bengals wide receiver Tee Higgins will enter the 2024 NFL season on the franchise tag after failing to reach a long-term extension with the team, according to reports. The news comes as a disappointment for both the player and the Bengals organization, as they were unable to come to an agreement before the Monday deadline.

Higgins, who joined the Bengals as a second-round draft pick in 2020, had been hoping for a multi-year contract that reflects his contributions to the team. However, the fifth-year wide receiver will now play the upcoming season on the franchise tag, earning $21.8 million.

The Bengals' decision not to offer a long-term extension to Higgins has raised speculations about his future with the team. If he performs well in the 2024 season, Higgins may attract interest from other teams as a potential number one receiving target.

Higgins' 2023 season was hampered by injuries, and he posted modest numbers with 42 catches for 656 yards and five touchdowns in the 12 games he played. However, the 23-year-old receiver had impressive performances in his first three seasons in the NFL, recording at least 908 yards and six touchdowns each year.

As the Bengals aim to bounce back from a disappointing season and return to title contention, they will heavily rely on Higgins' skills and contributions. Alongside All-Pro Ja'Marr Chase, Higgins forms one of football's best wide receiver tandems, providing a formidable offensive threat.

Despite the setback in contract negotiations, Higgins' services for the upcoming season will bolster the Bengals' chances of success. However, questions remain about his long-term future in Cincinnati. The franchise tag for the 2024 season dwarfs the average annual value of his rookie contract, which raises concerns about the feasibility of signing him to a long-term deal in the future.

The Bengals face a difficult decision ahead, as they will also need to consider a long-term extension for Ja'Marr Chase. Chase, the clear priority for the team's front office, will be due for a new contract at the end of his rookie deal.

With the ever-increasing contract demands for wide receivers in the NFL, it is uncertain whether the Bengals will be able to secure Higgins on a long-term deal. The team will have to navigate the challenges of the contract market for wide receivers and weigh their options carefully.

The 2024 season is poised to be a crucial one for both the Bengals and Higgins. If they can return to form and make a playoff push, it could potentially open the door for negotiations on a significant payday for Higgins. Until then, the wide receiver will play on the franchise tag, aiming to prove his worth and secure his long-term future in the league.