Monday is the first day that NFL teams can make one of these three designations to players. Here is a list of what the tags are and what it means.
Non-exclusive franchise tender
Team must agree to pay player for one year at the percentage against the current salary cap of the five highest salaries over the previous five seasons. Players can negotiate with any club, but if the player signs with another club, the tag tendering team will receive two first-round draft choices as compensation.
Exclusive franchise tender
Team must agree to pay player for one year at the average of the five largest current-year salaries at his position through the end of the restricted free-agent signing period. It cannot be lower than the non-exclusive franchise tender. The player is not permitted to negotiate with any other team.
Transition player designation
Team must agree to pay player the cap percentage average of the 10 largest prior-year salaries at his position. The player is permitted to negotiate with any other team and such team is not bound by any compensation in signing a transition player.
More to know
The tendering club has a seven-day waiting period on whether to match for transition or franchise tags. If the franchise tag is used on a player a second time by a team, the base tender goes up to 120 percent of the previous salary calculation.