On Thursday, the window for application of the franchise tag slid open. In two weeks, it'll slam shut. In the interim, teams have the ability to apply the franchise tag to one player who otherwise would be an unrestricted free agent.
So let's take a look at 10 players who might, or might not, end up wearing the franchise tag at some point between now and Feb. 25.
1. Julius Peppers, Panthers defensive end
The Panthers haven't spoken to Peppers about signing a long-term deal, but they don't need to do so if they plan to use the franchise tag on him for a second straight season.
Vince Wilfork, who has only played for the Patriots, was drafted in the first round in 2004.
As I wrote last night at PFT, the Panthers currently do not plan to do so. Even in an uncapped year, $21.8 million for 16 regular-season games is a price too high to pay for a player who isn't, hasn't been, and will never be as good as Reggie White.
Even the transition tag isn't a viable option for Peppers, since in Peppers' case the Panthers would still be required to give him a one-year, $21.8 million contract, the value of which would become fully guaranteed the moment Julius puts his John Hancock at the bottom of the page.
2. Vince Wilfork, Patriots defensive tackle
In 2004, Wilfork signed a six-year rookie contract with the Patriots. Now, the contract has expired and Wilfork doesn't want the team to use the franchise tag to keep him from hitting the open market.
What he wants and what he gets could be two very different things. Indeed, teams have the right to use the franchise tag, and few of the players who ever have been on the wrong side of the restriction ever regarded it as something desirable to have. Though it pays a player handsomely for one season, it keeps him from striking it rich via a long-term deal with an eight-figure signing bonus.
In Wilfork's case, it's possible a long-term deal will be reached ...
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