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Updated NFL franchise tag values for 2023 offseason

As of Tuesday, NFL players can officially receive franchise and transition tag designations.

The New England Patriots tagging a player this offseason probably isn’t happening, but if it did, the only real long-shot options would likely be wide receiver Jakobi Meyers or cornerback Jonathan Jones.

Of course, the hefty price tag would probably have the team running in the other direction, but those are the two most valuable pending free agents for the Patriots right now.

Consider the franchise tag a one-year placeholder for teams looking for more time to agree on a new contract or trade a player without another team’s involvement. However, a transition tag allows the player to seek a new contract in free agency, but the team will have an opportunity to match whatever offer is on the table to keep that player on the roster.

Here are the franchise tag values at each position in 2023.

Quarterback: $32.4 million

Tommy Gilligan-USA TODAY Sports

Linebacker: $20.9 million

Billie Weiss/Getty Images

Wide Receiver: $19.7 million

Brian Fluharty-USA TODAY Sports

Defensive end: $19.7 million

Tim Nwachukwu/Getty Images

Defensive tackle: $18.9 million

AP Photo/Winslow Townson

Offensive lineman: $18.2 million

AP Photo/Don Wright

Cornerback: $18.1 million

AP Photo/Don Wright

Safety: $14.4 million

Brian Fluharty-USA TODAY Sports

Tight end: $11.3 million

Nathan Ray Seebeck-USA TODAY Sports

Running back: $10 million

AP Photo/Lynne Sladky

Special teams: $5.3 million

Kirby Lee-USA TODAY Sports

Story originally appeared on Patriots Wire