NEW YORK (AP) -- The Baltimore Ravens will have to pay at least $14.896 million for Joe Flacco to be their quarterback in 2013.
The NFL set the franchise tag at that figure Friday, and if the Ravens can't reach agreement on a long-term deal with Flacco before free agency begins March 12, they could tag him. Flacco played out his five-year rookie contract and led the Ravens to the Super Bowl title. He is negotiating with the team on a new deal.
Under the franchise tag in 2013, a player is paid according to a formula based on salaries for the past five years at the position and their percentage of the total salary cap. With the non-exclusive tag, his team has the right to match any offer sheet, or get two first-round draft picks in return for allowing him to leave. An exclusive tag ties him to his current team at a higher, but as-yet-undetermined price, for one season.
In a quarterback-driven league, Flacco certainly would draw plenty of interest on the open market.
Already tagged are Buffalo safety Jairus Byrd at $6.916 million, and Indianapolis punter Pat McAfee at $2.977 million.
The other tags for franchise players are $11.175 million for defensive ends; $10.854 million for cornerbacks; $10.537 million for wide receivers; $9.828 million for offensive linemen; $9.619 million for linebackers; $8.45 million for defensive tackles; $8.219 million for running backs; and $6.066 million for tight ends.