Tagovailoa was the consensus first overall pick until injuries derailed his junior season, and now he's forced to carefully consider his options.
"You think of risk-reward on coming back. You think of risk-reward on leaving," the signal-caller said, according to ESPN's Alex Scarborough. "And when I look at it ... if I come back, the risk is, what if I get hurt again? But the reward could be maybe I jump back to the top of the charts, the boards for all these teams."
Tagovailoa, who hasn't spoken with his family about the decision yet, understands he needs to do what's best from a financial standpoint.
"Now is not the time to be making emotional decisions. But now, you gotta change into thinking as a businessman. You gotta make business decisions," he said.
Tagovailoa missed one game in October due to an ankle issue and dislocated his right hip one month later against Mississippi State. The pivot also broke his nose and suffered a concussion on the play.
He underwent surgery on his hip shortly after, and doctors revealed the QB could resume throwing activities by the spring. Despite his injury troubles, Tagovailoa is reportedly expected to be a first-round pick next year should he enter the draft.
"If I leave, the risk is, do I still go in the first round, or do I even make (it) to the second round?" he said. "These guys don't even know if I can play with the hip injury yet, too."
The 21-year-old completed 71.4% of his passes for 2,840 yards and 33 touchdowns against three interceptions through nine games in 2019.
Prospects have until Jan. 20 to declare for the draft.