Buffalo Bills Should Not Extend Quarterback Tyrod Taylor

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Jan 3, 2016; Orchard Park, NY, USA; Buffalo Bills quarterback Tyrod Taylor (5) throws a pass under pressure by New York Jets defensive end Sheldon Richardson (91) during the second half at Ralph Wilson Stadium. Bills beat the Jets 22-17. Mandatory Credit: Kevin Hoffman-USA TODAY Sports

The Buffalo Bills Should Not Extend Quarterback Tyrod Taylor (yet).

It was reported by ESPN staff writer Mike Rodak that the Buffalo Bills reached out to Tyrod Taylor’s agent in the hopes of signing him to a long-term deal. While this is a good idea to do in the future it’s a terrible idea right now and here’s why.

We have written several articles which document the Buffalo Bills cap limitations this offseason including our article about the Buffalo Bills top three offseason priorities. The Bills are currently $7.5 million under the salary cap. While they can make a few moves that would free up additional space, they don’t have a ton of options for cutting salary without depleting the talent on the team.

Tyrod Taylor is under contract next season for an extremely small cap hit of $3.1 million. For a quarterback, that’s the 34th highest amount in the league at the time this is being written. This means that he is paid more like a backup than like a starting quarterback who made the Pro Bowl last season.

Quarterback contracts in the NFL jumped up this past year but is that just an aberration or is it a growing trend? Let’s take a look at average quarterback salaries and compare that to the percentage of a team’s overall cap space based on numbers from Spotrac.com.

QB Salary Cap

As you can see, while the average amount of money a quarterback has made has gone up each year it’s stayed relatively consistent to the same percentage of the salary cap until 2016 where it jumped up almost four percent. This could be an aberration but if it’s a growing trend that means that the Buffalo Bills are in quite a bit of trouble when it comes to negotiating Tyrod Taylor’s next contract.

In order to determine how much an extension with Tyrod Taylor would cost the Bills let’s look at some other quarterbacks who recently signed contracts.

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