The yearly game of tag in the NFL officially starts.
Teams can use the franchise or transition tag on players whose contracts are about to expire as of today. The window closes on March 5 at 4 p.m. ET.
Not likely at the beginning of the window opening is a torrent of news. Clubs usually hold off on officially tagging a player until near the end of the window. Teams may deploy the tag later this week in advance of many meetings because the 2024 NFL Scouting Combine is in Indianapolis next week. Alternatively, clubs may use the combine to close a contract before the tag is required.
Parties can negotiate a multi-year extension until mid-July, following the placement of a tag. Should a postponement the tag that is most frequently used. Typically, when someone mentions the “franchise tag,” they’re referring to the non-exclusive form. This is a one-year tender equal to 120 percent of the player’s prior wage, or the average of the top five salaries at the position over the preceding five years, whichever is higher. The tagged player is free to negotiate with other teams, but if he signs with another team, his current club has the option to match any offer or receive two first-round draft picks as payment.
Exclusive franchise tag: In contrast to the non-exclusive form, this one gives the tagging team exclusive negotiation rights with the player. Because of the exclusivity, the salary scale is higher; the average of the top five wages at the one-year tender offer is Teams can use the franchise or transition tag on players whose contracts are about to expire as of today. The window closes on March 5 at 4 p.m. ET.
Not likely at the beginning of the window opening is a torrent of news. Clubs usually hold off on officially tagging a player until near the end of the window. Teams may deploy the tag later this week in advance of many meetings because the 2024 NFL Scouting Combine is in Indianapolis next week. Alternatively, clubs may use the combine to close a contract before the tag is required.
Parties can negotiate a multi-year extension until mid-July, following the placement of a tag. When the date for agreeing to an extension approaches, the player
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