It has been reported that the New York Giants do not plan to use the franchise tag on safety Landon Collins. For those that don’t know what the franchise tag is, here is a quick refresher:
- Teams can choose to place a franchise tag on one player and retain him for another season. That year the organization must pay the athlete either a) the average of the 5 biggest salaries for his position or b) 120% of the players previous annual salary, whichever is greater.
- A player under the franchise tag must play for the team that tags him the upcoming season (or not play at all, ex: Le’Veon Bell)
- Teams have until July 15 to work out a multi-year deal with the player, if a contract is not decided upon, the player plays under the salary decided by the franchise tag for that season.