NFL franchise tag tracker: Deadline time, explanation, which players received it

By | March 5, 2024

Chiefs CB L’Jarius Sneed is a name to keep an eye on ahead of the NFL franchise tag deadline. (AP Photo/Terrance Williams)

Now that the NFL scouting combine is in the books, we turn our attention to the franchise tag deadline.

Teams have until 4:00 PM ET on Tuesday to tag players.

Which players have received the franchise tag?

Tee Higgins, Cincinnati Bengals WR
L’Jarius Sneed, Kansas City Chiefs CB

Which players are in the news about franchise tags?

Report: Dolphins DT Christian Wilkins heads to free agency, won’t get franchise tag

Ravens DT Justin Madubuike will “likely” be franchise-tagged if a new deal isn’t reached

Report: Saquon Barkley, Josh Jacobs, Tony Pollard and other big RBs not expected to receive a tag

What is the NFL Franchise Tag?

The franchise tag is a designation that NFL teams can use to retain one player as an unrestricted free agent and sign him to a permanent contract for another year. There are exclusive and non-exclusive tags.

What are exclusive vs. non-exclusive franchise tags?

Exclusive labels means that the contract cannot be less than the average of the top five salaries at that player’s position, or 120% of the player’s salary from the previous season, whichever is greater. It also means that the player is not allowed to negotiate with other teams or sign with another team if they reject the offer.

Non-exclusive tags means the contract cannot be less than the average of the top five cap hits at that player’s position, or 120% of the player’s salary from the previous season, whichever is greater. However, unlike the exclusive tag, the player is allowed to negotiate with other teams, and if he receives an offer, his current team has a chance to match. If the team chooses not to match, it will be entitled to draft compensation equal to two first-round draft picks from the signing team.

What are the positional values ​​of the NFL franchise tag 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 equipment: $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 label is another designation that NFL teams can use to retain one player as an unrestricted free agent and sign him to a permanent contract for another year. The contract cannot be lower than the average of the top 10 salaries at the player’s position, and there is no guaranteed compensation. Players may also negotiate with other teams.

Live6 updates

  • The non-exclusive designation allows Chiefs CB L’Jarius Sneed to negotiate with other teams, while Kansas City has the right to match any competing bid. If the Chiefs declined to match an offer, they would be entitled to two first-round draft picks in return.

    If Sneed plays on the tag in 2024, he will be entitled to no less than the average of the top five cap hits at that player’s position, or 120% of the player’s salary from the previous season, whichever the two is the largest. The projected franchise tag value for cornerbacks next season is $19.802 million.

    Read more here

  • Chiefs place non-exclusive franchise tag on CB L’Jarius Sneed

  • The Miami Dolphins, who have salary cap issues, reportedly won’t franchise DT Christian Wilkins. There is still time for the Dolphins to sign Wilkins to an extension or change their minds about the tag, but it appears Wilkins will hit true free agency.

    Given the lack of impact players that do hit the open market, Wilkins will have a lot of suitors.

    Read more here

  • Report: Dolphins not expected to franchise DL Christian Wilkins

    Miami Dolphins defensive lineman Christian Wilkins reportedly will not receive the franchise tag, making him a free agent.

  • Chiefs CB L’Jarius Sneed is reportedly cleared to trade

    L’Jarius Sneed is one of the Chiefs’ top franchise tag candidates and he has reportedly been cleared to seek a trade.

    More

    Will L'Jarius Sneed be Chief for much longer?  (Photo by Steph Chambers/Getty Images)Will L'Jarius Sneed be Chief for much longer?  (Photo by Steph Chambers/Getty Images)

    Will L’Jarius Sneed be Chief for 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 franchise tag from the Bengals.  (Photo by Jeff Dean/Getty Images)Tee Higgins has received the franchise tag from the Bengals.  (Photo by Jeff Dean/Getty Images)

    Tee Higgins has received the franchise tag from the Bengals. (Photo by Jeff Dean/Getty Images)

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