How much is the NFL’s franchise tag at every position in 2024?

As the NFL offseason kicks into gear, teams are faced with critical decisions regarding their impending free agents. One such tool at their disposal is the franchise tag, which allows clubs to retain key players by offering them a one-year contract at a predetermined salary. Let’s dive into the details fow franchise tags work and explore the values for each position in 2024.

However, the cost varies by position, and understanding these figures is essential for teams navigating the complexities of the salary cap. Let’s look into the NFL’s franchise tag costs by position for the 2024 season.

But first What Is a Franchise Tag?

The franchise tag ensures that teams can secure first priority over their current players, preventing top talents from hitting the open market. It grants clubs either exclusive negotiating rights or matching rights over their players

Non-Exclusive Franchise Tag: The most common tag applied to players. Teams can match any offer from other teams. The cost is determined by either, 120% of the player’s cap number from the previous season or average of the five largest prior year salaries at the player’s position. Lastly, the draft choice compensation: Two first-round picks if the player signs elsewhere.

Other Types of Tags: Exclusive and transition tags exist but are less common. Teams can use only one franchise tag per offseason.

What is the cost of the NFL franchise tag by position?

The franchise tag remains a powerful tool for NFL teams, allowing them to retain crucial players while navigating the complexities of free agency. As negotiations unfold, keep an eye on which players receive the tag and how it impacts their future contracts. The 2024 season promises intriguing storylines as teams strategize their roster moves.