The NFL’s franchise tag window officially opened on Wednesday, giving teams two weeks to decide if they want to use one of the three tag options available to keep a top-tier potential free agent. A tag has to be placed on a player no later than 4pm ET on March 1.
The three tiers of a tag are the non-exclusive franchise tag, the exclusive franchise tag, and the transition tag. The non-exclusive tag is a one-year tender offer giving the player a fully-guaranteed salary equal to the average of the top five players’ salaries at the specific position over the past five years, or 120 percent of the tagged player’s salary from the previous season, whichever is more.