There it is: The New Orleans Saints have tendered wide receiver Rashid Shaheed for the 2024 season, per Over The Cap’s Jason Fitzgerald. Shaheed was an exclusive rights free agent whose only options were to play for the Saints on a qualifying offer (the NFL minimum salary) or sit out a year.
Obviously, he was going to be coming back, but it’s good to have that confirmed so focus can turn to his fit in Klint Kubiak’s offense. Shaheed finished the 2023 season with the 10th-most all-purpose yards in the NFL and earned a Pro Bowl Games appearance for his work on special teams (as well as a spot on the All-Pro team).
Shaheed was one of just two players to gain more than 300 yards from scrimmage as well as 300-plus yards on both kick returns and punt returns, and he vastly outplayed his competitor. Denver Broncos rookie Marvin Mims, the AFC Pro Bowler kick returns specialist, totaled 22 receptions for 377 yards with a touchdown catch. Shaheed caught 46 passes for 719 yards, scoring five times.
He’s a special player. But after signing this tender he’ll only be under contract through 2024. What’s with that? Why didn’t the Saints sign him to a longer extension?
It’s an easy explanation: the NFL’s collective bargaining agreement doesn’t allow it. Players must accrue three years’ experience (at least six games per season) before they are eligible to sign a multiyear contract. Shaheed will play on the minimum salary of $985,000 in 2024 and go into 2025 as a restricted free agent, when he’s finally eligible to sign a real extension.
But the Saints can drag this out longer if they choose. Shaheed could be forced to play on a restricted free agent tender in 2025, which would be another one-year deal, before finally reaching unrestricted status in 2026. Hopefully both sides can work out an arrangement to keep him in New Orleans long-term without any frustrating negotiations or off-field drama with his contract. However, as we said, that’s still at least a year away.
In the meantime: Shaheed figures to play a key role in the new-look Saints offense as their No. 2 wideout behind Chris Olave. It’s going to be fascinating to see how Kubiak restocks the receiving corps with just Olave, Shaheed, and second-year pro A.T. Perry under contract for 2024. Last summer the Saints took 13 wide receivers into training camp, maintaining a group of seven during the season (usually rostering five or six, with one or two on the practice squad). With such thin depth we should expect plenty of new additions throughout the offseason, both in free agency and the 2024 NFL draft.
