NFL informs teams of 2023 franchise tag numbers

NFL teams were informed by the league office of the 2023 franchise tag numbers Monday. Prices have been raised across the board heading into the offseason.

Teams can begin to start placing franchise tags on soon-to-be free agents beginning on Feb. 21. That lasts until March 7, which is roughly one week ahead of the start of free agency. Some of the bigger names to watch out for when it comes to tags this offseason will be Baltimore Ravens QB Lamar Jackson and New York Giants RB Saquon Barkley, among others.

Here are the 2023 franchise tag numbers:

QB: $32,416,000
RB: $10,091,000
WR: $19,743,000
TE: $11,345,000
OL: $18,244,000
DE: $19,727,000
DT: $18,937,000
LB: $20,926,000
CB: $18,140,000
S: $14,460,000
K/P: $5,393,000

NFL salary cap to balloon to record $224.8 million per club next season

On Monday, Tom Pelissero of NFL Network took to Twitter to share the news that the league’s salary cap will rise to a record $224.8 million per club next season — up from $208.2 million this past season.

“The NFL informed teams today that the 2023 salary cap will be a record $224.8 million per club, sources tell me and @RapSheet,” tweeted Pelissero. “That’s up from $208.2 million in 2022, $182.5M in 2021 (COVID adjustment), 198.2M in 2020 and $188.2M in 2019.”

Continuing, Pelissero explained the factors that contributed to the historic increase in the salary cap for the 2023 season.

“The CBA is a revenue-sharing deal, and new media contracts, 17th game, etc., are all contributing to a rise that should continue,” added Pelissero. “The league anticipates it will provide more info concerning total projected costs, including player benefits, in early March.”

As you can see, that’s a huge increase that will pay dividends throughout the league. Franchises will have more money to extend their own, attack free agency and acquire a myriad of talent. 

While the Super Bowl is now set between the Kansas City Chiefs and Philadelphia Eagles, 30 other franchises are ready for the offseason. When the time comes, money will be spent in droves.