One of the more consistent storylines of the Miami Dolphins’ offseason has been the looming contract situation of star receiver Jarvis Landry. Fortunately for fans, all indications point toward the Dolphins extending a strong offer to Landry, but what will his price tag be?

Landry has been a perfect fit for the Dolphins since he was selected by the team in the second round of the 2014 NFL Draft. Being the only constant in the Dolphins’ receiving core the last three seasons, Landry has hauled in 288 receptions for 3,051 and 14 touchdowns.

A week ago, Dolphins Wire Editor Antwan Staley reported Landry would not negotiate an extension during the season, giving Miami a limited amount of time to extend the receiver. While time could run out on a contract extension before the regular season begins, there is no reason to worry about the Dolphins retaining him. It has also been reported that the receiver would not shy away from the franchise tag in 2018, which would pay around $15 million.

The best way to assess Landry’s value is to take a look at his peers’ recent contracts. Indianapolis Colts receiver T.Y. Hilton is a great one to look at. Hilton agreed to his five-year, $65 million contract extension in 2015, coming off a season where he caught 82 passes for 1,345 yards.

Hilton’s deal also included $38 million guaranteed and a signing bonus of $10 million . While Landry and Hilton are different types of receivers, their level of production is near even.

It is also helpful to take a look at the contract extensions of those who play Landry’s slot position. Seahawks receiver, Doug Baldwin signed a four-year, $46 million extension with $24.25 in guarantees and various roster bonuses following the 2016 season.

Baldwin’s deal came after he caught 78 passes for 1,069 yards and an impressive 14 touchdowns. While Baldwin has a knack for reaching the end zone, Landry boasts more productive numbers in nearly all the other receiving categories.

Hilton and Baldwin’s deals pay roughly $13 million and $11.5 million respectively, bonuses excluded, it is fair to say Landry’s potential deal should be in that range. Given Landry’s youth, one expects his potential earnings and contract length may land closer to that of Hilton, who signed his extension at age 25.

Miami showed it isn’t afraid to offer multi-year contracts to receivers when the team agreed to a four-year contract with Kenny Stills for $32 million. If the Dolphins were to offer Landry fair market value, he should command a four-year contract in the $50 million range, laced with signing and roster bonuses. If the Dolphins extend that kind of offer, it may be safe to say quarterback Ryan Tannehill will be throwing to Landry for the foreseeable future.