Now that the NFL scouting combine is in the books, we turn our attention toward the franchise tag deadline.
Teams have until 4 p.m. ET on Tuesday, March 5 to tag players.
Which players have received the franchise tag?
Tee Higgins, Cincinnati Bengals WR
Which players are in news about franchise tag?
Chiefs CB L’Jarius Sneed has reportedly been franchise tagged and given permission to seek trade
Ravens DT Justin Madubuike will ‘probably’ be franchise tagged if no new deal reached
Report: Saquon Barkley, Josh Jacobs, Tony Pollard, other marquee RBs not expected to receive tag
What is the NFL franchise tag?
The franchise tag is a designation NFL teams may use to retain one player set to be an unrestricted free agent and sign them to a set contract for another year. They may be exclusive or non-exclusive tags.
What are exclusive vs. non-exclusive franchise tags?
Exclusive tags mean the contract must be no less than either the average of the top five salaries at that player’s position or 120% of the player’s salary the previous season, whichever is greater. It also means the player is not allowed to negotiate with other teams, and may not sign with another team should they reject the offer.
Non-exclusive tags mean the contract must be no less than either the average of the top five cap hits at that player’s position or 120% of the player’s salary the previous season, whichever is greater. Unlike the exclusive tag, however, the player is allowed to negotiate with other teams, and if they receive an offer, their current team has the chance to match. If the team chooses not to match, it’s entitled to receive two first-round draft picks.
What are the NFL franchise tag positional values for 2024?
Quarterback: $38.301 million
Running back: $11.951 million
Wide receiver: $21.816 million
Tight end: $12.693 million
Offensive line: $20.985 million
Defensive end: $21.324 million
Defensive tackle: $22.102 million
Linebacker: $24.007 million
Cornerback: $19.802 million
Safety: $17.123 million
Punter/kicker: $5.984 million
What is the NFL transition tag?
The transition tag is another designation NFL teams may use to retain one player set to be an unrestricted free agent and sign them to a set contract for another year. The contract must be no less than the average of the top 10 salaries at the player’s position, and there is no guaranteed compensation. Also, players are allowed to negotiate with other teams, and if
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Chiefs CB L’Jarius Sneed reportedly receives permission to seek trade
L’Jarius Sneed is a prime franchise tag candidate from the Chiefs, and he’s reportedly been given permission to seek a trade.
More
Will L’Jarius Sneed still be a Chief much longer? (Photo by Steph Chambers/Getty Images) -
Bengals use franchise tag on WR Tee Higgins
The Cincinnati Bengals are the first team to use a franchise tag this offseason, applying it to wide receiver Tee Higgins.
Read more here.
Tee Higgins has received the Bengals’ franchise tag. (Photo by Jeff Dean/Getty Images)
