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Dolphins exercise fifth-year option on Ryan Tannehill

The Dolphins have joined the party and exercised a fifth-year option on their 2012 first-round draft pick, Ryan Tannehill, the team announced.

Like Andrew Luck before him, the fifth-year option was an obvious development for the young quarterback. The Dolphins seem to eye him as a franchise player and have been in talks on a long-term deal for a while now. The plan is to get a deal done before the opener.

In the meantime, the option serves as a reasonably priced $16 million placeholder -- guaranteed only for injury -- in the 2016 season.

Unlike some quarterbacks this offseason with new contracts coming, the Tannehill negotiations have appeared relatively tame from the outside, which leads us to believe that a Week 1 deadline is not impossible.

But until then, the Dolphins -- and Tannehill -- have a fail safe in place.

The latest Around The NFL Podcast conducts a redraft of the 2014 NFL Draft before chatting about this year's event with Daniel Jeremiah. Find more Around The NFL content on NFL NOW.

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