Grimes Could Receive Franchise Tag
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Sports Fan Insider
MIAMI (CBSMiami) – As of Monday morning, the Miami Dolphins have two weeks to hit any player with an expiring contract with the franchise tag to apply restrictions on the player as unrestricted free agency nears.
There are different types of franchise tags, namely the exclusive version and the nonexclusive version.
Under the nonexclusive version, the player can negotiate a long-term contract with another team. However, the original team has seven days to match the new team’s offer or receive draft pick compensation. The actual pay for the non-exclusive franchise player is also lower than the other tag.
The exclusive version of the tag prevents the player from talking to any team, but will give the player the average salary of the five highest paid players at a given position that season. The one-year contract is also fully guaranteed at the moment the player accepts, but can be withdrawn before the player signs it.
With that out of the way, which Miami Dolphins player is most likely to receive the dreaded franchise tag this season?
It will most likely be cornerback Brent Grimes, who played on a one-year, $5.5 million contract last season. Grimes was coming off a torn Achilles tendon from the previous season, but vastly outperformed his contract.
Grimes wants the security of a long-term contract and the Dolphins have said they want to keep Grimes next season. If the Dolphins can agree to terms on a contract with Grimes, it would likely be much better for the team’s salary cap.
Otherwise, a significant amount of cap space will be devoted to Grimes’ franchise deal. Again, it can change at any point during free agency, which would benefit both sides.