▪ Keep him under terms of his current contract, which would include $18.7 million base salary in 2019, with a $26.6 million cap hit. This option might be difficult to justify if Tannehill misses the final 11 games of the season, after missing 19 games over the previous two seasons because of knee injuries.
▪ Release him without a post June 1 designation. In that scenario, the Dolphins would have $13.4 million in dead money on its 2019 cap as a result of Tannehill’s contract but would have a cap savings of $13.2 million.
▪ Release Tannehill with a post June 1 designation. The Dolphins would have $7.9 million in dead money on its 2019 cap as a result of Tannehill’s contract but would have a cap savings of $18.75 million. But the flip side of that scenario would be that Miami’s cap would carry another $5.6 million of Tannehill’s dead money in 2020.
▪ Try to convince Tannehill and his agent, Pat Dye, to restructure his contract and accept a lower base salary for 2019.