"The team decides to exercise the franchise tag. I'm considering not playing on it," Landry said in a 10-minute teaser of a documentary called Juice, via the Sun-Sentinel. "The franchise tag is not a good deal for me."
The Dolphins placed the franchise tag on Landry last week, with the receiver tag expected to cost $16.2 million on a one-year deal. They have offered the three-time Pro Bowl selection a long-term deal with an average of $13 million per season, according to the newspaper.
The tag is non-exclusive, which means Landry can negotiate with other teams. It would cost another team two first-round draft picks for the right to sign him.
According to the Sun-Sentinel, Landry is seeking a contract that is on par with the one received by Davante Adams in December. The Green Bay Packers wideout signed a four-year, $58 million contract that includes an $18 million signing bonus. The pact pays Adams $32 million in the first two seasons.
Landry led the league in receptions (112) and amassed 987 yards and a career-high nine touchdowns last season.
The 25-year-old Landry has 400 career receptions for 4,038 yards with 22 touchdowns since being selected by Miami in the second round of the 2014 NFL Draft. His 400 receptions are the most for any player in his first four NFL seasons.
"In my case I've played four years. Then you get another year of basically not signing me to a long-term deal. In that year anything can happen," Landry said.
"Look at guys like (Pittsburgh Steelers linebacker) Ryan Shazier, who may not have an opportunity to play again. He's fighting a battle to just walk again. I'm at the point where taking care of my family is the most important thing for me. I put my body on the line for years. I've sacrificed my time and my life to make sure that I have this opportunity."