The NFL franchise tag deadline is just hours away as teams are running out of time regarding retaining players and preventing them from hitting the open market. Each team can designate one player with the franchise or transition tag, guaranteeing them a premium salary for their position — and more time to work out a potential long-term deal with the player. That player has until July 15 to work out a long-term extension with the team — or they can sign the tag and play the 2023 season under that salary.
How many players will receive the franchise tag in the coming days? Here’s a rundown of all the players that are getting tagged prior to the March 7 deadline.
How do the tags work?
- Franchise tags are essentially one-year contract offers that come in two forms: exclusive and non-exclusive.
- Exclusive tags restrict negotiating rights to the tagging team and pay out an average of the top five salaries at the player’s position in the current year, or 120% of the player’s previous year’s salary, whichever is greater.
- Non-exclusive tags, which are more common, pay out an average of the top five tag amounts at the player’s position from the previous five years (applied to the current cap), or 120% of the player’s previous year’s salary, whichever is greater. Players who receive this tag can negotiate with other teams, but the tagging team has the right to match any offer — and would also receive two first-round draft picks in the event the player signs elsewhere.
- Transition tags are also one-year contract offers. They pay out an average of the top 10 salaries at the player’s position. Players who receive this tag can negotiate with other teams, but the tagging team has the right to match any offer. If the tagging team declines to match, it would not receive any compensation in return.
2023 franchise tag rundown
In an expected move, the Commanders made sure Payne didn’t hit the free agent market by placing the franchise tag on him — the first player to receive the franchise tag this offseason. Payne is the first Washington player to receive the tag since Brandon Scherff in 2021 and the seventh in team history to be tagged.
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