Today is Monday, March 5. The final day for teams to place the franchise tag on one of their qualified players is Tuesday, March 6, which would seem to be tomorrow. Running back Le’Veon Bell is the player that the Pittsburgh Steelers would tag, if they would tag anybody.
The franchise tag value for Bell would be a bit over $14.5 million. The Steelers are projected to have roughly less than half of that value available to them in terms of salary cap space. We will know for sure very soon once the official salary cap is announced.