After the Arizona Cardinals originally were going to make a decision on receiver Michael Floyd's fifth-year option for 2016 until after the NFL Draft, the team changed its mind. According to the official team site, the Cardinals decided to pick up the option, keeping Floyd under contract through the 2016 season.
By doing so, Floyd will make roughly $7.3 million in 2016.
"We determined that exercising the fifth year was the option that clearly made the most sense," General Manager Steve Keim said. "Michael has shown a lot of good things in his time with us and we fully expect him to make a step forward this season. We have high expectations for him on and off the field and look forward to him delivering for us."
Floyd showed he could have a big season in 2013 with over 1000 yards, but that production dropped in 2014.
His play has been inconsistent. Over the last two seasons, he has had 10 games with at least 80 receiving yards. He has also had 12 games with less than 40 yards, including five last season with less than 20 yards.
Even with the inconsistencies, it does make sense to exercise the option. The money is guaranteed only for injury. If he stays healthy, Arizona can cut him with no consequence. If he has a huge year, they could keep him for another season, paying him less than he would likely garner on the open market in free agency.
He will make $1.75 million in 2015.