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NFL franchise tag designation period opens Wednesday

Welcome to tagging season.

Wednesday marks the first day NFL teams can designate the franchise or transition tag on players. The two-week window for teams to designate tags runs until March 1 at 4 p.m. EST.

NFL Network's Gregg Rosenthal broke down the potential franchise tag options for all 32 NFL teams, but what exactly does using the tag mean?

NFL clubs have three options when it comes to flexing their tag muscle: 1) Non-exclusive franchise tag, 2) Exclusive franchise tag, 3) Transition tag.

Players have until 4 p.m. EDT on July 15 negotiate a multiyear contract with the team.