Vice president of football operations Mike Tannenbaum made it clear at the NFL Annual Meeting that the organization views Tannehill as a franchise quarterback.
"If you have one in the building you can win with you want to pay him as reasonably as possible," Tannenbaum said Monday, via the South Florida Sun Sentinel. "The good thing is we have one."
If Tannehill and Tannenbaum don't find common ground on an extension in the next six weeks, per the Sun Sentinel, the Dolphins won't hesitate to exercise the quarterback's fifth-year option worth roughly $16 million for 2016.
Tannehill solidified his standing within the organization by setting a franchise record with 392 completions last season, bouncing back from a shaky 2014 campaign.
"He checks a lot of boxes," Tannenbaum added. "He's young. We drafted him. He's an incredibly hard worker. Football is important to him. There are a lot of things, a lot of redeeming values."
When the Miami Herald's Armando Salguero said Monday that the team is prepared to make Tannehill a "very, very, very, very rich" man, Tannenbaum quipped, "I think you forgot one 'very.'"