5th year option deadline for Olave/Penning is May 1st

Geldo said
We drafted Penning as a raw prospect who would take time to adjust to the step up to the NFL.
It makes no sense to cut short that strategy by walking away from him after 3 years one of which was lost to injury.
If you’re going to commit to developing potential then we need to keep him on the team and keep improving his skills after a big step up last year. It would be preferable to resign him at a cheaper rate but we all know the salary cap means nothing to Khai 🤣

Agreed. It's always been know that he was a long term project. The FO knew this when they drafted him and he's still on course to develop into the player they thought he would.

https://www.profootballnetwork.com/trevor-penning-northern-iowa-ot-nfl-draft-scouting-report-2022/

He certainly has the upside to be a high-level starter — upside that makes him worthy of early-Round 1 consideration –, but it might take longer than people think for him to get to that point.