Upcoming Key Developments in Tag News Before March 3 Deadline
The deadline for NFL teams to apply tags to their players is set for 4 p.m. ET today. This deadline is critical for those players whose contracts are nearing expiration before the commencement of the new league year.
Tag Options Available for NFL Teams
There are three main types of tags that teams can utilize:
- Non-exclusive franchise tag
- Exclusive franchise tag
- Transition tag
Non-exclusive Franchise Tag
The non-exclusive franchise tag is the most frequently used option. It serves as a one-year tender equal to the average of the top five salaries for the player’s position over the past five seasons. Alternatively, it may amount to 120 percent of the player’s previous salary, depending on which figure is greater.
Players tagged under this option can negotiate with other teams. However, their current team retains the right to match any offered contract. If the player signs with a new team, the original team is entitled to receive two first-round draft picks as compensation.
Exclusive Franchise Tag
The exclusive franchise tag grants the tagging team the sole rights to negotiate with the player. This version increases the player’s salary potential since it is based on the average of the top five salaries at the respective position for the current year, compared to previous years.
Very few players receive this tag, reserved primarily for those highly valued by other teams, such as quarterbacks. This exclusivity implies a significant financial commitment from the team.
Transition Tag
The transition tag serves as a one-year tender based on the average of the top ten salaries for the position. This option allows the original team the right of first refusal to match any offers made by other teams.
Unlike the franchise tags, the transition tag does not provide compensation if the tagging team opts not to match an external offer.
Conclusion
As the March 3 deadline approaches, teams must carefully consider which tagging option best suits their strategic needs. Understanding these tags is essential for teams looking to retain key players while navigating the complexities of salary structures and player negotiations in the NFL.
