Thoughts on Julian Edelman, Aqib Talib and franchise tag
|02.05.14 at 5:20 pm ET|
We’re now less than two weeks away from the start of the franchise tag window — it begins on Feb. 17 and lasts for two weeks — and while New England has a dozen free agents, it’s believed the Patriots have two seriously taggable possibilities this year in wide receiver Julian Edelman and cornerback Aqib Talib.
Both were essential elements to the success of the 2013 team, but both were playing on one-year contracts. While the deal Talib signed this past offseason was more of a “show-me” contract (one signed in the wake of a depressed market for free-agent cornerbacks), Edelman was more or less forced to take New England’s one-year offer, as it was one of the only ones that was extended to him.
However, as a result of their work in 2013, the pair could enter the market poised to make a sizable piece of change. But would the Patriots be inclined to let them walk without a new deal to keep them in place? The franchise tag is a hammer the teams have over potential players when it comes to retaining their services, and history tells us that the Patriots have never been shy about using it, whether it’s a way to keep the player around Foxboro for one more season, a way to keep a player under their umbrella while still negotiating a deal, or as a sign-and-trade maneuver. And it could certainly come into play when talking about Talib and Edelman.
To be clear, there are two types of franchise tags:
The non-exclusive franchise tag: The most common designation. Under this agreement, the player must be offered a one-year deal based on the average of the non-exclusive franchise numbers at his position over the last five seasons and their percentage of that year’s salary cap or 120 percent of his prior year’s base salary, whichever is greater. If a player does get a non-exclusive franchise tag, they can talk with other teams, but if he signs an offer sheet with another club, his team has five days to match the offer. If the offer is not matched, his team will receive two first-round picks as compensation from the signing team.
The exclusive franchise tag: With this designation, the player receivers a one-year offer from his own team that’s the greater of the average of the top five salaries at his position once the restricted free-agent signing period has ended or 120 percent of his prior year’s salary. A player cannot negotiate with other teams with the exclusive franchise tag.
Here’s a look at how New England has utilized the franchise tag, and what has happened as a result:
2002: Adam Vinatieri, contract extension
2003: Tebucky Jones, traded
2005: Adam Vinatieri, played it out and later departed as a free agent
2007: Asante Samuel, played it out and later departed as a free agent
2009: Matt Cassel, traded
2010: Vince Wilfork, contract extension
2011: Logan Mankins, contract extension
2012: Wes Welker, played it out and later departed as a free agent
As we said, the tag can be a relatively easy way for a team to retain the services of a player, even for a year, but in the case of both Talib and Edelman, it would come at a serious price. While the franchise tag numbers are not expected to be announced until after the 2014 cap number is officially set (usually in late February or early March), according to former agent Joel Corry — who is an excellent follow on Twitter for all things cap related — the projected franchise tag value for cornerbacks in 2014 will be $11,256,000 million. At wide receiver, the price is even steeper — $11,539,000. (For a complete look at Corry’s projections click here.)
With all this in mind, we want to get your take: If you could only use the franchise tag on one — Talib or Edelman — who would you tag and why?
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