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Ladies and gentlemen, you can start your engines, but they will have a little time to warm up.
Today marks the opening of the Franchise and Transition Beacons window, which means we’re in the final stages as teams prepare for the league’s new year and the start of free agency on March 17.
The tag window runs from February 23 to March 9.
Teams can start placing franchise or transition bids on players starting today and can still make a long-term deal with players until mid-July. If an extension is not established by then, the player will play the 2021 season as part of the one-year tender.
Clubs have three different options when deciding to mark a player: 1) Non-exclusive franchise label; 2) exclusive franchise label; 3) Transition tag.
Non-exclusive franchise label: This is the most commonly used tag. Colloquially, when most refer to the “franchise tag,” they’re usually talking about the non-exclusive version. This is a one-year offer of the average of the top five salaries in the player’s position over the past five years, or 120 percent of his previous salary, whichever is greater. The player can negotiate with other teams. The player’s current team has the right to match any offer or receive two first-round draft picks as compensation if they sign with another organization.
Exclusive Franchise Label: A one-year take-over bid of the average of the top five player salaries for the current year, or 120 percent of his previous salary, whichever is greater. The player cannot negotiate with another team. The increase in the pay scale (current average salary compared to the average of the previous five years) means that only a privileged few get this label. Usually, players for whom teams would gladly drop two first-round picks get this version of the tag – typically, quarterbacks like Dak Prescott last season get the exclusivity.
Transition tag: The bridging designation is a one-year take-over bid for the average of the top 10 salaries in the position – as opposed to the top five for the franchise label. It guarantees the home club the right of first refusal to match any offer the player may receive from another club. The scoring team does not receive any compensation if they choose not to match a deal. The transition tag is usually a placeholder that gives the club the ability to match any contract the player is negotiating with another team.
Each team can only use one franchise or transition tag each year. A canceled offer counts as a tag – you will recall that the Carolina Panthers canceled Josh Norman’s tag in 2016. A player can be tagged up to three times by his team, with a pay rise on each occurrence. – generally by the third beacon, the percentage of the salary cap taken at that time makes it prohibitive.
The franchise label numbers for each position are based on the salary cap for the 2021 season. As the cap is not officially set, teams are currently working on estimates. We know the salary cap will not be less than $ 180 million.
While today marks the start of the franchise labeling window, don’t expect a multitude of teams to use their option just yet. Clubs will continue to try and work on long-term extensions until the window closes on March 9. The beacons are usually implemented once it is clear that the parties need more time to negotiate.
Among the contenders for the tag, NFL network insider Ian Rapoport reported that the Dallas Cowboys are expected to use a second consecutive tag on Prescott if no long-term deal is reached. Likewise, the Tampa Bay Buccaneers Super Bowl champion are waiting to score wide receiver Chris Godwin – they used the tag on Shaquil Barrett last year. Rapoport also added that Lions wide receiver Kenny Golladay was a good candidate for tagging.
The window is open. The news flurry likely won’t get through until the March 9 deadline.
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