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Fans typically hear "NFL franchise tag" more during the football offseason.
An NFL team can sign a player to a one-year non-negotiated deal with a franchise tag to keep them on board for an additional year. A team may deliberately keep a player on a guaranteed contract with a non-negotiated salary. They can do this using the franchise tag, which can be applied once each offseason. Only athletes scheduled to become unrestricted free agents are eligible to be tagged.
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The franchise tag gives team management a calculated approach to control salary expenditures and reduce the vulnerability to the financial dangers of long-term contracts.
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Some players feel recognized when they get franchise-tagged. They see it as proof of admittance into the elite division of the league. However, the tag is an obstacle for players hoping to sign a long-term contract.
How many times can an NFL player be franchise-tagged?
A player can only get the franchise tag three times in their career. However, no player has ever received three tags, most likely due to the excessive expense that comes with it. Every time a player is tagged, the tag costs the team issuing it additional money. A player's wage from the previous year will grow by at least 20% if the tag is issued the second time.
A player can receive a raise of 20% over the league average wage for his position, 44% above his salary from the previous season. Or, they can get the average of the top five salaries for the highest-paid position (quarterback) in the league if tagged thrice.
It is essential to remember that a player is limited to three total tags, but not only from one team.
NFL franchise tag values for 2024
The type of tag issued and the player's position determine his tag's worth.
The NFL franchise tag values for the 2024 season are listed below:
Quarterback: $38,301,000 for non-exclusive tags, $34,367,000 for transition tags
Running back: $11,951,000 for non-exclusive tags, $9,765,000 for transition tags
Wide receiver: $21,816,000 for non-exclusive tags, $19,766,000 for transition tags
Tight end: $12,693,000 for non-exclusive tags, $10,878,000 for transition tags
Defensive end: $21,324,000 for non-exclusive tags, $19,076,000 for transition tags
Offensive lineman: $20,985,000 for non-exclusive tags, $19,040,000 for transition tags
Defensive tackle: $22,102,000 for non-exclusive tags, $18,491,000 for transition tags
Cornerback: $19,802,000 for non-exclusive tags, $17,215,000 for transition tags
Linebacker: $24,007,000 for non-exclusive tags, $19,971,000 for transition tags
Safety: $17,123,000 for non-exclusive tags, $13,815,000 for transition tags
Kickers and punters: $5,984,000 for non-exclusive tags, $5,433,000 for transition tags
How many NFL players have been franchise-tagged so far?
NFL teams can tag players until 4 p.m. ET on Tuesday, March 5. Two players have received franchise tags this offseason:
WR Tee Higgins - Cincinnati Bengals
CB L'Jarius Sneed - Kansas City Chiefs
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