The NFL informed teams in a memo on Friday that the salary cap for the 2024 season will skyrocket to $255.4 million, a staggering 13.6% jump over where the cap was last year. In accordance with that spike, the league also announced the franchise and transition tag values at each position for next season.
Those values are as follows:
QB $38,301,000 $34,367,000 RB $11,951,000 $9,765,000 WR $21,816,000 $19,766,000 TE $12,693,000 $10,878,000 OL $20,985,000 $19,040,000 DE $21,324,000 $19,076,000 DT $22,102,000 $18,491,000 LB $24,007,000 $19,971,000 CB $19,802,000 $17,215,000 S $17,123,000 $13,815,000 K/P $5,984,000 $5,433,000
It’s worth noting that there are two types of franchise tags.
The exclusive franchise tag guarantees the player a one-year salary of the five highest-paid players at his position during that current season, or 120% of his previous salary, whichever is higher; and it prevents him from negotiating a contract with any other team.
The non-exclusive tag guarantees the player a one-year salary of the five highest-paid players at his position from the previous five years (applied to the current salary cap), or 120% of his previous salary, whichever is higher, and also allows that player to negotiate with other teams, who would have to surrender two first-round picks in addition to whatever contract they agree on with the player in question. The non-exclusive tag is the one that teams almost always use, and those are the values you see above.
Additionally, a player can be tagged multiple times. Each time he is tagged, the tag value goes up. A player being tagged for the second consecutive season is paid 120% of his previous year’s salary. A player tagged for a third year in a row receives 120% of the average of the five highest-paid players at his position, 144% of his previous year’s salary, or the average of the five highest-paid…
Source link : https://www.cbssports.com/nfl/news/nfl-franchise-tag-values-heres-how-much-it-will-cost-teams-to-use-the-franchise-tag-based-on-position/
Author : Jared Dubin
Publish date : 2024-02-23 20:00:17
Copyright for syndicated content belongs to the linked Source.
