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Dolphins' Updated Salary Cap After Tua Tagovailoa's Reported $212M Contract

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The Miami Dolphins and quarterback Tua Tagovailoa have agreed to a four-year, $212.4 million extension, per Mike Garafolo and Ian Rapoport of NFL Network. ESPN's Adam Schefter added that Tagovailoa will be receiving $167 million guaranteed.

Before the extension, Tagovailoa was set to enter 2024 on the final year of his rookie deal after the Dolphins picked up his fifth year option for $23,171,000. Now he's under contract with the Dolphins through 2028. Per Garafolo, Tagovailoa's $53.1 million per-season average is the highest for a four-year contract in NFL history.