Let’s Dive Into The Top NFL Free Agents

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Starting Monday, March 11, at 12 p.m. EST teams can begin to negotiate with NFL free agents and on Wednesday, March 13th teams can officially sign free agents to their roster. Prior to the deadline several teams made announcements that caused quite the social media buzz. Some of the top pre-free agency moments included Kansas City Chiefs placing a non-exclusive franchise tag on 2x Super Bowl champion cornerback L’Jarius Sneed and Denver Broncos releasing quarterback Russell Wilson who led the Seattle Seahawks to a Super Bowl Championship in 2014. The Broncos are set to release Wilson with a $85 million dead cap – which would be money owed to Wilson based on his salary guarantees.

With a lot of the “Franchise Tags” being handed out currently let’s take a deeper look at the exclusive tag vs non exclusive tag. Per NFL.com the definitions are as following:

Non-exclusive franchise tag: A player who receives the non-exclusive franchise tag is free to negotiate with other teams. The player receives a one-year deal with a salary set at the greater of (a) the cap percentage average for his position (an amount equal to the sum of the franchise-tag figures at a player’s position over the previous five seasons divided by the sum of the salary caps over the previous five seasons multiplied by the current year’s salary cap) OR (b) 120 percent of his PYS (the player’s cap number from the previous season, minus any performance incentives).

Exclusive franchise tag: A player who receives the exclusive franchise tag cannot negotiate with other teams. The player receives a one-year deal for the greater of (a) the average of the five-largest PYS at his position at the conclusion of the restricted free agent signing period of the current league year (April 21 in 2023) or (b) the amount of the non-exclusive franchise tag. No player received the exclusive franchise tag in 2022.

 

A Few Top NFL Free Agents To Lookout For This Upcoming Free Agency:

Chris Jones | Kansas City Chiefs | Defensive Tackle

Kirk Cousins | Minnesota Vikings | Quarterback

Tee Higgins | Cincinnati Bengals | Wide Receiver

Mike Evans | Tampa Bay Buccaneers | Wide Receiver

L’Jarius Sneed | Kansas City Chiefs | Cornerback

Saquon Barkley | New York Giants | Running Back

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