An important milestone in the 2023 NFL offseason came and went Tuesday at 4 p.m. ET: the deadline for teams to use the franchise tag.
NFL teams are able to use the tag, a fully guaranteed one-year deal, on one impending free agent each season. There are two types of franchise tags: a non-exclusive tag, which allows the player in question to negotiate with other teams after getting tagged, and the exclusive tag, which prevents the player from negotiating with other teams.
The exclusive tag comes with a one-year salary at least equal to the top five salaries across the league at that position or 120% of the player’s previous salary, whichever figure is higher. Meantime, the non-exclusive tag comes with a one-year salary at least equal to the top five salary-cap figures across the league at that position or 120% of the player’s previous salary, whichever figure is higher.
