Sure it did .... But there's a lot of differences between Ramsey & Watson.
In Jax Ramsey was a luxury they could do without .... Great player but better to trade away for picks to facilitate the rebuild and they had every intention to tank it up to go get their QB in the draft. He just wasn't a foundational player like a QB is. Those guys are "missing pieces to contenders" not the foundation of a franchise.
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There's also the fact that the ink isn't even dry on Watson's contract - Ramsey had a little over a year left on his contract. Watson has 5. He hasn't even begun this actual extension.
The team has exclusive rights to him for up to 8 years - thru the 2028 season with the use of the franchise tag after his current contract expires.
Few teams would franchise Ramsey but damn near every team would franchise Watson.
Then there's the dead money - Ramsey was still on his rookie deal and most of his signing bonus money had already come off the books in the previous 3 seasons , he only accounted for $3,795,636 in dead money while Watson will account for $27,000,000 of which he has earned $0 of as the extension begins in 2022.
The Texans will have paid $7,453,961 this past year and would be paying Watson $5,400,000 for the next 4 years to play for someone else.