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The Franchise Tag Deadline is 3 p.m. Tuesday

Posted Feb 29, 2016

It’s the last chance for NFL teams to use their franchise tag option

The NFL’s deadline for teams to use a franchise tag is 3 p.m. CT on Tuesday.

Here is a list of possible tags the Chiefs have the option to use by the deadline (per NFL.com):

The exclusive franchise tag is a one-year tender offer to a player for an amount no less than the average of the top five salaries at the player's position, or 120 percent of the player's previous salary, whichever is greater. The player's team has all negotiating rights to the player.

The non-exclusive franchise tag is a one-year tender offer to a player for an amount no less than the average of the top five salaries at the player's position, or 120 percent of the player's previous salary, whichever is greater. The player can negotiate with other teams. The player's current team has the right to match any offer, or receive two first-round picks as compensation.

The transition tag is a one-year tender offer to a player for an amount that is the average of the top 10 salaries at the position. It guarantees the original club the right of first refusal to match any offer the player may receive from another team. The transition tag can only be used if the franchise tag is not used by a team in that year. Transition tags can be rescinded, but teams that rescind a transition tag cannot use it again until next season.

You can find a current list of Kansas City Chiefs set to become free agents here.

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