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Three quarterbacks were taken in the top 10 in the 2012 draft. All three will have their rookie contracts extended to a fifth year.

Per a league source, the Dolphins will exercise the 2016 option on quarterback Ryan Tannehill’s contract. The eighth pick three years ago, Tannehill will be entitled to the same $16.1 million salary for the fifth year of his deal as Colts quarterback Andrew Luck and Washington quarterback Robert Griffin III will receive. The compensation is guaranteed for injury until March, at which time it will become fully guaranteed.

The Dolphins reportedly would like to sign Tannehill to an extension. If/when meaningful talks occur, the floor for his compensation in 2016 has now been set. The real question is the ceiling.

Some think the Dolphins will make a very-good-not-great offer, hedging that Tannehill will improve but not breaking the bank. The thinking is that Tannehill, who blinked during a holdout as a rookie over the question of whether his fully-guaranteed salary would include offset language, would play it safe and take the very good money in lieu of rolling the dice for a jackpot.