The Kansas City Chiefs have officially placed the franchise tag on CB L’Jarius Sneed, preventing one of the top pending free agents from hitting the open market. Speculated and assumed for the past week, the team made the announcement moments ago.
We have placed the Non-Exclusive Franchise Tag on CB L'Jarius Sneed. pic.twitter.com/xF3XLjlqVk
— Kansas City Chiefs (@Chiefs) March 4, 2024
The tag for Sneed comes in at $19.802 million for his 2024 base salary. Reportedly, Sneed and the Chiefs are open to a tag-and-trade scenario, leading some to speculate if the Steelers could have interest.