Quarterback Lamar Jackson received the non-exclusive franchise tag from the Baltimore Ravens on Tuesday.
Jackson and the Ravens failed in a last-ditch effort to reach a long-term contract agreement as the deadline for using the franchise designation arrived at 4 p.m. ET.
The non-exclusive tag brings multiple variables into play for either side.
If Jackson, 26, signs the tender, he’s guaranteed $32.41 million for the 2023 season, unless the two sides agree to a new contract by July 17.
Until Jackson signs, he’s open to meet with other teams and agree to terms on a long-term deal with any other team. The Ravens, by using the franchise tag, have refusal rights and can match any offer sheet Jackson receives. If the Ravens choose not to match a contract offer, they would command two first-round picks in exchange for Jackson….