NFL teams like the Jacksonville Jaguars have until May 1 to exercise or decline the fully guaranteed 5th-year options of the first-round picks from the 2022 NFL Draft class for the 2026 season. 5th-year options are determined based on four unique tiers, including basic, playtime, one Pro Bowl, and multiple Pro Bowls. Over The Cap goes through each tier in further detail.
The Jaguars selected two players in the first round, and they have less than one month to make their decision on both players.
The Jacksonville Jagurs No.1 pick is categorized in tier 2

Since Travon Walker played over 50% of snaps in each of his first three seasons, his 5th-year option is categorized under tier 2, the playtime tier. Tier 2 is worth $14.751 million for the 2026 season. Walker has developed into a reliable pass rusher and complement to Josh Hines-Allen, recording 162 tackles, 28 TFLs, 44 QB hits, and 24 sacks.
Also Read: 5th-Year Option Predictions for the 2022 NFL Draft Class: Picks 1-8
Jacksonville Jaguars make $14 million decision on 1st pick

The #Jaguars announced they have exercised the fifth-year option on DE Travon Walker, the former No. 1 overall pick.
— Ian Rapoport (@RapSheet) April 7, 2025
They are working on a contract extension

“Yeah, we’re having open conversations,” Coen said via Zak Gilbert of Sports Illustrated.“And at the end of the day, we’ll continue to have those. James and Tony and I will have those conversations as we go, for sure.”
Also Read: “We’re Having Open Conversations”: Jacksonville Jaguars Eye Extension for 1st Overall Pick