If the Green Bay Packers use their franchise tag on receiver Greg Jennings, as Packer Report was the first to report last Friday, it will cost them $10.537 million.
The NFL set franchise tag figures on Friday,
Under the franchise tag in 2013, a player is paid according to a formula based on salaries for the past five years at the position and their percentage of the total salary cap. With the non-exclusive tag, his team has the right to match any offer sheet or get two first-round draft picks in return for allowing him to leave.
Both sides can continue to negotiate on a longer deal even after a franchise tag has been applied. A player can be tagged and traded, too, as the Packers did with Corey Williams several years ago.
An exclusive tag ties him to his current team at a higher, but as-yet-undetermined price, for one season.
Meanwhile, if the Ravens can't reach agreement on a long-term deal with Super Bowl MVP quarterback Joe Flacco before free agency begins March 12, they could tag him. Flacco played out his five-year rookie contract and led the Ravens to the Super Bowl title. He is negotiating with the team on a new deal after making nearly $6.76 million last season.
In a quarterback-driven league, Flacco certainly would draw plenty of interest on the open market.
Already tagged are Buffalo safety Jairus Byrd at $6.916 million, Indianapolis punter Pat McAfee at $2.977 million and Cincinnati defensive end Michael Johnson at $11.175 million.
Here are the franchise tags: $14.896 million for quarterbacks; $11.175 million for defensive ends; $10.854 million for cornerbacks; $10.537 million for wide receivers; $9.828 million for offensive linemen; $9.619 million for linebackers; $8.45 million for defensive tackles; $8.219 million for running backs; $6.916 million for safeties; $6.066 million for tight ends and $2.977 million for punters and kickers.
Transition tags also were set Friday. If a player gets that tag, he is free to negotiate with other teams, and his current club has the right to match any offers. If it doesn't match, the player leaves with no compensation owed.
The transition figures are $13.068 million for quarterbacks; $9.151 milion for defensive ends; $9,095 million for cornerbacks; $8.867 million for receivers; $8.709 million for offensive linemen; $8.358 million for linebackers; $7.039 million for defensive tackles; $6.97 million for running backs; $6.002 million for safeties; $5.194 million for tight ends; $2.7 million for punters and kickers.