As NFL free agency approaches, teams can apply franchise tags to retain players slated for unrestricted free agency. This window runs from February 18 to March 4, concluding ahead of the new league year starting March 12. The franchise tag binds a player to their current team for one season, with salaries determined by the average of the top five player salaries in their position. In 2024, notable examples include the Chiefs' young lineman Smith, who offers significant value on their offensive line.
Last season, nine players were tagged, including Bengals receiver Tee Higgins, showing teams' strategic decisions before the NFL free agency opening on March 12.
Franchise tags allow teams to retain key players like Smith, who has excelled in pass blocking, ensuring they maintain strong lineups even during free agency.
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