The NFL franchise tag deadline passed on Tuesday at 4 p.m. ET, with several players around the league receiving the designation to stay with their respective teams for the upcoming season. Among those receiving the franchise tag are quarterback Josh Allen of the Buffalo Bills and wide receiver Michael Pittman Jr. of the Indianapolis Colts.
In addition to the franchise tag, safety Kyle Dugger of the New England Patriots received the transition tag, allowing his team to retain him for another season. The franchise tag enables teams to keep one player who is set to become an unrestricted free agent, ensuring they remain with the team for at least one more year.
There are two types of franchise tags in the NFL: exclusive and non-exclusive. An exclusive tag means that no other team can negotiate with the player, while a non-exclusive tag allows the player to negotiate with other teams, but the original team has the right to match any offer or receive two first-round draft picks as compensation.
Furthermore, the NFL franchise tag positional values for 2024 have been outlined, determining the salary cap hit for each position. This helps teams make decisions on which players to tag based on their value and performance.
The transition tag operates similarly to the franchise tag, allowing teams to retain one player who would otherwise hit free agency. The contract details of the transition tag are still being worked out, but it provides another option for teams to secure key players for the upcoming season.
Overall, the franchise and transition tags play a crucial role in roster management for NFL teams, ensuring they can retain valuable players and maintain competitiveness in the league.
