His option wasn't picked up yet AFAIK. The option amount is fairly high for QBs, something like 24 million. 2022 would be the option year so you could scrap the option year for some cap savings in 2022 and 2023. 2024 would probably be full price against the cap and 2025/2026 would be a cut/restructure year depending on how long the deal is/how you structure it.
Are the two choices monster extension and no extension? Because if you put a gun to my head and make me pick between the two I'd go for no extension. But if he's open to a shorter extension (similar to deshaun watson, maybe 5 years on paper with 4 years effective length) then I'm definitely listening. I have no problem signing him through the years that would take him to his 2 tag years, especially if it gets us some cap savings.
Yep, you're right, I do now remember reading that Elias said he would like to have two GCL teams when discussing losing a current team. Unless I missed it though, I haven't heard it officially yet though. Guess I can check.