After weeks of speculation as to whether the Chargers will use the franchise tag for a second straight year on receiver Vincent Jackson, the Chargers have opted not to tag Jackson.
We know this not because the time period for applying the tag came and went without Jackson being tagged. Instead, the team issued a press release announcing that the franchise tag wasn’t being used, on anyone.
“We discussed it again this morning, and nothing changed. We did not like the franchise number, never did,” General Manager A.J. Smith said. “Vincent will enter the market, and we will see what happens. We would like to have him continue on with us, but other teams now will enter the picture.
“We will now evaluate our contract proposal, and proceed accordingly.”
The use of the franchise tag in 2011 resulted in a one-year tender of $11.424 million. Under the CBA, the franchise player receives either the franchise tender for his position or 120 percent of his pay from the prior year, whichever is greater.
For Jackson, 120 percent of $11.424 million ends up being more than $4 million greater than the franchise tender of $9.4 million. And so in lieu of paying Jackson $13.7 million this year and, if tagged once more, $19.74 million in 2013, the Chargers opted instead to let the market determine his value.