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NFL teams can use the franchise tag starting today, don't expect Jaguars to

Logan Bowles-USA TODAY Sports

NFL teams can now use the franchise tag on pending free agents on their own roster, should they desire to do so. Teams have until the tagging deadline, which is on March 1 at 4 p.m., to place one of the three tags on a player they choose to, between the exclusive, non-exclusive and transition tags.

The exclusive tag pays a player the average of the top five salaries of his position or 120 percent of their current salary (whichever is greater), guaranteed, for the upcoming season and the player can only negotiate with the team that placed the tag on him. The non-exclusive tag follows the same guidelines of the exclusive tag, except that the player can negotiate with other teams and the tagging team has the right of first refusal or they are entitle to two first round draft picks. The transition tag on the other hand is the average of the top 10 salaries at the players position, the player can negotiate with other teams and the tagging team simply has the right of first refusal.

The Jacksonville Jaguars don't really have any big name pending free agents so it is not expected they will place the tag on any of their players, as it has been for the past few seasons. The last time the Jaguars used the tag was back in 2012 with kicker Josh Scobee.

While the Jaguars might not use the tag on any of their own players, there are some potential NFL free agents the team could be interested in signing who could end up with the franchise tag. While it's not expected, you should keep an eye on players like Eric Berry, Chandler Jones, Jason Pierre-Paul and Kevin Zeitler.