It's appearing more and more likely that Tee Higgins will play the 2024 season under the franchise tag.

The receiver is seeking either a long-term deal with the Cincinnati Bengals or a trade.

According to a report, the Bengals' offer to Higgins "never approached" the $20 million per year range. The offer wasn't close enough to get Higgins' representation to discuss guaranteed money, so the sides haven't negotiated in more than a year.

Higgins is scheduled to make $21.8 million on the one-year, fully guaranteed franchise tag.

Eighteen receivers are set to make more than $20 million annually this coming season.