Raiders unlikely to keep RB off the market, offer has been made

After three franchise tags diluted the 2023 running back market, it appears the free agent market will feature a flood of veteran starters this year. The Raiders are almost definitely going to need to outbid competition to keep Josh Jacobs.

The team had been trying to re-sign Jacobs, but with a new GM in place, some uncertainty entered the equation despite the former rushing champion stumping for Antonio Pierce earlier this offseason. The Raiders still want Jacobs back, but ESPN.com’s Jeremy Fowler indicates he is likely headed to the market.

Las Vegas has made an offer to Jacobs, per Mike Garafolo of NFL.com, who adds the 2019 first-round pick could soon be tied to an eight-figure-per-year average salary. Coming off Jacobs’ 2022 rushing title, the Raiders made an offer to extend him just before the July deadline. Jacobs passed and was unable to replicate his strong form of 2022. While he showed more under Pierce in the season’s second half, the five-year Raiders starter only posted two 100-yard games in an 805-yard season that saw the Alabama alum rank in the bottom five in Next Gen Stats’ rushing yards over expected metric.

The legal tampering period begins in less than an hour, putting teams that want to keep certain UFAs in crunch time. Being this close to free agency for the first time, Jacobs will naturally want to see gauge his value when given the ability to speak with multiple teams for the first time. He and Saquon Barkley profile as the top backs available, and Fowler adds they may well be off the board early. Barkley’s market is expected to surpass Jacobs’, but this does give the 2022 rushing champ a shot to hit free agency before his age-26 season. Barkley did not have that chance last year, joining Jacobs and Tony Pollard in being tagged.

Barkley and Jacobs join Pollard, Austin Ekeler, Derrick Henry, D’Andre Swift, Devin Singletary and Gus Edwards as starters who will test free agency. Jacobs took a step back last year and finished the season on the shelf with multiple contusions. The Raiders also hired a new GM — Tom Telesco — who passed on renegotiating Ekeler’s deal last year with the Chargers, instead signing off on a small incentive package. With so many available backs, the Raiders may go shopping soon.