Report: Bengals' Jessie Bates Plans to Hold Out Without New Contract

According to Josina Anderson of CBS Sports, the Cincinnati Bengal safety doesn't want to participate in training camp or play on the franchise tag.

The two sides haven't agreed on an extension by Friday's deadline, which is when the franchise tag is supposed to be renewed.

Ian Rapoport @RapSheet

For the #Bengals and star S Jessie Bates: The team's final offer guaranteed Bates only $4M more than what he would get if he eventually signs the franchise tag. Big difference is the tag locks Bates in for one year while the Bengals' offer locked him in for 5 additional years.

Last week, the NFL Network's Mike Garafolo reported that the Bengal were not expected to reach an agreement on a long-term contract. The two sides have less than an hour to make a decision. Friday is the last day to strike a deal or be held out.

During an appearance on NFL Now in February, he said he wouldn't play on the franchise tag, so it's no surprise he won't play next season.

I hope I'm not under a franchise tag. It's something that needs to be talked about as the National Football League Players' Association. The top guys got hurt. You only have one chance at this. You just have to play your cards right.

Spotrac estimated the market value of the company at $80,000 million. He is third among the highest-paid safeties with an average annual salary of $16 million.

A second-round pick in the 2018? His teammates want him to get an extension that is worthy of his value.

We have been talking all summer. Everyone in that locker room wants him to get what he's worth. "He's a cornerstone piece for this franchise, we know that, and we know how important he is to the team," veteran defensive back Mike Hilton said in May.

While missing the first game of his career, Bates played in 15 games and made 88 tackles. He played in all four of the playoffs and had 20 tackles.

The loss of the 2020 second-team All- Pro will be huge for Cincinnati.