Tyler Boyd's 2024 free agency contract projection

Originally posted on A to Z Sports | By Josh Queipo | Last updated Jan 12, 2024 1:01 PM ET

The NFL's regular season is over, which for most teams, means it's time to start figuring out plans for the offseason.

NFL free agency is a huge part of the process, and along with the NFL Draft, it has everyone preparing for what should be a very active couple of months.

We've officially come up with our own contract projections for the NFL's top free agents that include context behind each player's 2023 season, the likelihood of a franchise tag, the projection itself, and the first-year cap hit for a team that's “all-in” and is needing to reduce that first-year hit in order to maximize their cap dollars.

So, without further ado, let's check out the projection for Cincinnati Bengals wide receiver, Tyler Boyd.

Tyler Boyd 2024 Contract Projection

Charles LeClaire-USA TODAY Sports

Boyd has been a solid depth option in a pass-first attack in Cincinnati. Over the past three years the Bengals have had to often rely on Boyd to be their No. 2 receiver due to injuries to Tee Higgins and J’Marr Chase, but Boyd has not been reliable in that role. Now five years removed from his last 1,000 yard season and with a yards per route run number that has trended down since 2018, Boyd is now a quality third option as a slot receiver.

Boyd’s average depth of target in 2023 was a near career-low 7.0 and his yards per reception dipped below 10.0 for the first time in his career. Add in that less than half of his catches went for a first down and Boyd’s profile is that of a sure-handed but explosive receiver on the back-nine of his career.

Franchise Tag Likelihood: Low
2 yrs $16.5M, $8.25M APY, $7M GTD
Year One Cap Hit: $4.5 million

Be sure to check back in and around the site for more projections, as we will add more in the coming days and weeks.

More must-reads: