Weighing fifth-year options for 2023 NFL Draft's first-round selections

The 2023 NFL Draft class is now completing its third regular season, prompting teams to decide on fifth-year options for first-round picks. These initial four-year contracts can be extended by one year for players selected in the first round. The window for exercising these options opened on January 5, with a deadline of May 1. Notable players from this draft include Bryce Young, C.J. Stroud, and Will Anderson Jr., who are considered strong candidates for extensions. Meanwhile, players like Anthony Richardson and Tyree Wilson may not have their options exercised due to underperformance or injuries. The Miami Dolphins did not have a selection in this draft due to a forfeiture of their first-round pick. This period is crucial for teams to assess their draft picks' performances and determine their future investments.