Speaking with Elise Jesse of WLWT in January, Green indicated the tag wouldn't be his optimal outcome this offseason but that he envisioned spending his entire career with the Bengals:
The franchise tag for a receiver is projected to be nearly $18.5 million, per Over the Cap.
Should the Bengals go that route, Green probably couldn't execute a Le'Veon Bell-like power play in search of a long-term deal. He missed the entire 2019 season with an ankle injury and was limited to nine games in 2018.
Because of how little he played the last two years, the franchise tag could work out in Green's favor, all things considered.
Assuming he stays healthy in 2020 and returns to his usual self, the 31-year-old would get paid like an elite pass-catcher for one season and enter free agency again having shown he can still deliver on the field too. Depending on its final form, terms of a new collective bargaining agreement might open the door for Green to make more money than he would've under the current CBA as well.
After finishing with the NFL's worst record (2-14), the Bengals probably won't contend for the playoffs in 2020 but are likely to be relying on a rookie quarterback. Many expect Cincinnati to select Joe Burrow with the No. 1 overall pick, and the team had a positive meeting with the Heisman Trophy winner at the NFL Scouting Combine.
Having Green as part of the passing game would undoubtedly ease the transition to the NFL for Burrow or another young passer.