Titans’ Trade For CB L’Jarius Sneed Falls Through; League Interest Cooling
Two weeks ago, we went into some detail on the list of teams interested in trading for Chiefs cornerback L’Jarius Sneed. The Titans were one of those teams, and it appears the team was all but set to trade for Kansas City’s top cornerback before one detail sank the deal. According to Nate Taylor of The Athletic, the inability of Tennessee to reach an agreement on a multi-year extension for Sneed kept the trade from going through.
The Chiefs avoided allowing Sneed to test unrestricted free agency by applying the franchise tag on him earlier this month. While every now and then, a franchise tag application can be the end of the story, keeping a key player under contract for one additional, high-paying year, often times, the tag is meant to buy time as the player continues to seek a long-term contract. With Sneed, that meant two options: seeking a long-term contract with Kansas City or getting traded to another team that may be more open to giving him the deal he desires.
The Chiefs are very familiar with the tag-and-trade maneuver. They have utilized it themselves to send Dee Ford to the 49ers while also taking advantage of it to bring Frank Clark from Seattle. Right now, it appears that Kansas City is unwilling to meet Sneed where he’s wanting to be in terms of a contract extension. As a result, they have essentially informed every team in the NFL that Sneed is available for a trade.
With the Chiefs hearing offers on Sneed, a number of teams reached out to express interest. We noted the Vikings, Colts, Titans, Patriots, Lions, Falcons, Jaguars, and Dolphins as teams looking to acquire the 27-year-old. While all these teams showed initial interest, it was never clear how many had the intentions of trading for Sneed then extending him.
Sneed has made it clear that he is seeking a three- or four-year contract with an average annual value of at least $20MM, a salary that would make him the league’s third-highest-paid cornerback. While Tennessee was ready to part ways with whatever Kansas City wanted in exchange for Sneed, the Titans were apparently not ready to hand Sneed a new contract. Without a new contract, Sneed is set to play with a one-year salary of $19.8MM on the franchise tag, with every penny counting towards his team’s cap space. This provides incentive for the Chiefs or whatever team trades for him to use a new deal to lessen his salary cap impact.
