Number1
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Not based on his comments, it isn't. Nor do I think it would be signing him to $20 million-plus a year right now.
Under my scenario, I've got him under contract for the next two years for roughly $33 million with a 2020 franchise tag. Compare that to $40 million at a minimum for the next two years, and likely far more guaranteed. That's to my team's advantage and I would use it. Then I can decide whether he makes the big guaranteed money two years from now or whether I tag him again.
that's an expensive scenario ... consider base salary for a starting QB will be nearer $30m. Better off signing him now to at $20m or less.