The NFL wide receiver market has been reshaped after Jaxon-Smith Njigba's record-breaking contract extension with the Seattle Seahawks. The four-year, $168.8 million deal, with $120 million guaranteed, makes him the highest-paid wide receiver in the league.
This move has significant implications for other top receivers, including George Pickens and Puka Nacua. The Cowboys have placed a franchise tag on Pickens, locking him into a $27.2 million deal for 2026, while the Rams are taking a more patient approach with Nacua.
With the market now elevated, Pickens and his agent have little incentive to rush negotiations, and talks have yet to begin. Meanwhile, the Rams are not prioritizing extensions, with general manager Les Snead stating that they will tackle players whose contracts are expiring first.
NFL insider Mike Garafolo suggests that Nacua's deal may not materialize until later in the offseason, as the Rams have other business to conduct and a lot of young players to pay.
