Jackson receives tag from Ravens

BALTIMORE — The Baltimore Ravens applied their franchise-player tag to quarterback Lamar Jackson on Tuesday. They opted for the nonexclusive version of the tag, which limits Jackson’s mobility in free agency but does not take him off the market entirely.

Jackson, a former league MVP, would earn $32.4 million for the 2023 season under his oneyear deal. But he may continue to negotiate a long-term deal with the Ravens.

He can negotiate with other teams when the NFL’s free agent market opens next week and can sign an offer sheet with another team. The Ravens could retain Jackson by matching the other team’s offer, or they could receive two first-round draft choices from that team as compensation .

That could be an attractive option to quarterback-needy teams, given Jackson’s status as an established NFL star. But any team willing to make such a trade for Jackson also would have to be willing and able to agree with him on a new contract, which the Ravens have been unable to do. Giants extend QB Jones: After days of hard-fought, down-to-the wire negotiating, the New York Giants reached a new four-year contract with quarterback Daniel Jones and put a franchise tag on running back Saquon Barkley.

With Jones under contract on deal worth a reported $160 million, the Giants used their nonexclusive franchise tag on Barkley, which means he's able to negotiate a contract with other teams in addition to the Giants.

Chiefs create key openings: The Kansas City Chiefs are about to have two big holes to fill, along with plenty of salary cap space to do it, as they enter free agency and begin putting together a roster for the defense of their Super Bowl title.

The Chiefs declined using the franchise tag for the second time on left tackle Orlando Brown Jr., and they will release pass rusher Frank Clark. That means both can explore free agency.