When is the NFL franchise tag deadline?

It is the first Monday of March and teams around the NFL are trying to make some quick decisions as the franchise tag deadline approaches. The deadline for applying the franchise tag expires on Monday at 4:00 p.m. ET.

Several teams have already applied the franchise tag. The Carolina Panthers slapped defensive end Greg Hardy and the New York Jets tagged kicker Nick Folk with the franchise label.

The New Orleans Saints will tag tight end Jimmy Graham and the Graham situation is interesting because technically he is a tight end and would be eligible for $7.035 million, but he is expected to appeal and fight for the wide receiver label which would net him $12.312 million.

Here is how much the tags are worth by position, the franchise tag is the average of the top five salaries at each position for each year while the transition tag starts with the average of the top 10 salaries for each season at each position.

Franchise tags

Quarterback: $16.192 million
Running back: $9.54 million
Wide receiver: $12.312 million
Tight end: $7.035 million
Offensive lineman: $11.654 million
Defensive end: $13.116 million
Defensive tackle: $9.654 million
Linebacker: $11.455 million
Cornerback: $11.834 million
Safety: $8.433 million
Kicker/punter: $3.556 million

Transition tags

Quarterback: $14.666 million
Running back: $8.033 million
Wide receiver: $10.176 million
Tight end: $6.106 million
Offensive lineman: $10.039 million
Defensive end: $10.633 million
Defensive tackle: $8.060 million
Linebacker: $9.754 million
Cornerback: $10.081 million
Safety: $7.253 million
Kicker/punter: $3.205 million