They will get an extension done at some point and they still have another season to get it done
He's a restricted free agent in 2023 and since he's a udfa they will need to tender him higher than original draft pick or he'll be free to leave if they don't match without compensation.
The RFA tenders are classified as follows:
First-round tender: One-year contract worth the greater of (a) $5.562 million or (b) 110 percent of the player's prior-year base salary. If the player's original team decides not to match an offer sheet signed with another team, it is entitled to a first-round draft pick from the player's new team. Unless received two days or later prior to the NFL draft, draft compensation for each tender is due in the same league year as the offer sheet is signed.
A signed offer sheet with a new team includes Principal Terms that must be matched by the prior club. However, if the new team includes terms that waive or limit its ability to designate the RFA a franchise player, the old team will not have to match this term if it has tendered the player with an offer worth $500,000 more than the first-round tender ($6.062 million in 2022).
Second-round tender: One-year contract worth the greater of (a) $3.986 million or (b) 110 percent of the player's prior-year base salary. Draft-choice compensation: second-round pick.
Original-round tender: One-year contract worth the greater of (a) $2.540 million or (b) 110 percent of the player's prior-year base salary. Draft-choice compensation: a pick in the round the player was originally drafted in.
Right-of-first-refusal tender: One-year contract worth $2.433 million. Team has the right to match any offer sheet signed with another team, but there is no draft compensation tied to this tender.
Upgraded tender: If a team places a first-round tender on a player who was selected outside of the first round, it can only receive a second-round pick as compensation for any of its other RFAs who were first-round draft picks. The same is true for the second-round tender -- if a team uses it on a player drafted in the third round or lower, it can only receive a third-round pick for any other second-round RFA it intends to tender. As an example, the
Saints used a first-round RFA tender on QB/RB/WR/TE Taysom Hill during the 2020 offseason. Had New Orleans had any RFAs who were former first-round picks, it could only receive a second-round selection in return for a declined offer sheet.
RFA tender salary increases: Each of the tenders will increase by an additional amount during the 2021 and 2022 league years as follows: Right-of-first-refusal tender ($0), original-round tender ($50,000), second-round tender ($125,000) and first-round tender ($125,000). Due to the reduction in the salary cap in 2021, these tenders will only increase by the fixed amounts set above this offseason. Beginning in 2023, each of these tenders will only increase with this percentage of the salary cap (if any) from league year to league year.