Same situation but the franchise tag for RBs will probably go down.
this post was submitted on 27 Aug 2023
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So someone pointed out in another community that the franchise tag can also be 120% of the player’s precious salary. It’s whichever value is higher, which would almost definitely be 120% of this contract if they tried to tag Jacobs again. So that makes this deal make a lot more sense since it protects him from the tag going down next year and gets him a little more money.