Tua Tagovailoa could be the NFL's next quarterback reclamation project.
Now that he's been benched by the Dolphins, Tagovailoa's future in Miami is uncertain. The Dolphins (6-8) will take a look at rookie seventh-round pick Quinn Ewers over the final three games. They haven't won a playoff game since January 2001, the longest drought in the NFL.
The 27-year-old Tagovailoa hasn't lived up to the $212.4 million, four-year contract extension he signed after leading the NFL with 4,624 yards passing in 2023 and guiding the Dolphins to 11 wins and a playoff berth.
Trading Tagovailoa will be difficult because of his contract. He's due $54 million guaranteed next season. If the Dolphins somehow found a trade partner before March 13, they would incur a dead cap hit of $45.2 million. A trade after March 13 would result in a $60.2 million dead cap charge.
Releasing Tagovailoa before that date means the Dolphins would owe him $54 million in 2026 and would absorb $99.2 million in dead salary cap charges. That would be the largest in NFL history. Denver took an $85 million cap hit after releasing Russell Wilson in 2024 and spread the charges over two seasons.
Releasing Tagovailoa with a post-June 1 designation would allow the Dolphins to spread those cap hits over two seasons with $67.4 million allocated to the 2026 cap and the remaining $31.8 million in 2027.
A release would seem to be the most likely outcome. The Broncos overcame that cap hit from Wilson's release, made the playoffs last season and currently have the No. 1 seed in the AFC.
The Dolphins could get creative by adding draft picks to entice a team to make a trade. That would require finding a team that has cap space to take on Tagovailoa's large contract.