The Las Vegas Raiders and All-Pro RB Josh Jacobs didn’t reach an agreement on a long-term contract before Tuesday’s franchise tag deadline, and the Raiders officially placed the tag on their 2022 breakout offensive star. The use of the franchise tag is down this offseason, as the six total players being tagged across the league is the lowest number since 2018 when just five players were tagged, per Spotrac.
Despite not reaching an agreement, USA Today’s Tyler Dragon reported that “there’s optimism on both sides” that the Raiders and Jacobs will agree to a contract that will keep Jacobs in Vegas and secure financial security for the 25-year-old running back. The two sides have until July 17 to continue negotiating, which should be ample time to work out a contract.
Jacobs is one of three running backs to receive the franchise tag, with the other two being New York Giants RB Saquon Barkley and Dallas Cowboys RB Tony Pollard. Running back contracts are some of the toughest to manage in all of football, and the roughly $10 million salary that the three running backs will earn if they plan on the tag in 2023 represents a potential bargain instead of a bloated multi-year contract.
Ravens QB Lamar Jackson received the non-exclusive franchise tag, the same as Jacobs, when he and the Ravens also failed to reach an agreement before the deadline. The former MVP is notably representing himself in negotiations, and by placing the non-exclusive tag on Jackson, the team is leaving the door open on Jackson potentially leaving the team. However, multiple teams are reportedly not interested in pursuing Jackson, which is an odd development given the state of many teams’ dismal quarterback situations, including the Raiders, who may or may not be a potential suitor for the former MVP.
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