
As sure-handed L.J. Smith proved in '08, having a "Franchise" tagged player doesn't always help your franchise.
Philly.com is reporting that, per a “team source”, the Philadelphia Eagles will not use the franchise tag on any of their 2009 free agents. That means that Brian Dawkins, Sean Considine, Joselio Hanson, Correll Buckhalter, Tra Thomas, Jon Runyan, and L.J. Smith will either willingly sign with the Eagles, or leave for greener pastures.
The franchise tag was created to allow teams the opportunity to hand-cuff a player into a one-year, guaranteed contract. In theory, the team wins by holding onto the player for another year, while the player wins by getting a one-year guaranteed contract worth the average salary of the top-5 highest played player at their respective position. In reality, teams like the tag because it allows them to underpay star players, while players hate the tag because it removes the security of signing a long-term contract in their prime.
Last year’s usage of the franchise tag on L.J. Smith is a prime example of the reality of the franchise tag. The Eagles lost, paying L.J. $4.5 million for stats that didn’t rank in the top-20 at his position. L.J. lost, as his value dropped significantly after a poor 2008 campaign and he will most likely be forced to sign a “prove it”, short-term deal with another team.
So the Eagles are putting it out there that they will not use the tag at all. Knowing the Eagles, that means they very well may end up using the tag. Either way, here’s the SOB take on the 2009 Eagles free agents and the franchise tag:
- Brian Dawkins - Safety - $6.3mil franchise tag - Although the safety position carries the 4th lowest value of any position, the Eagles will be able to resign Dawk for less.
- Sean Considine - Safety - $6.3mil franchise tag - Laughable.
- Joselio Hanson - Cornerback - $10.0mil franchise tag - In 2007, the franchise tag for CBs was $5.9mil, amazing how much it has increased. No nickel corner in the league is worth $10mil/year.
- Correll Buckhalter - Running Back - $6.6mil franchise tag - Buck has given the Birds his all, but the Eagles aren’t running a charity.
- Tra Thomas - Offensive Tackle - $8.5mil franchise tag - Using the tag on Thomas is a real option. The Eagles absolutely have the cap room to afford putting the tag on Thomas, even if we are overpaying for him. Keeping Thomas around for one more year gives the Eagles flexibility to draft for the future while maintaining Thomas as a security blanket during any growing pains.
- Jon Runyan - Offensive Tackle - $8.5mil franchise tag - I’d love to have Runyan back, and I’m hoping that Runyan signs a contract that will allow him to finish out his career in Philadelphia.
- L.J. Smith - Tight End - $4.5mil franchise tag - Fool me once, shame on you. Fool me twice, shame on me.
So far in ‘09, thirteen players have been given the franchise tag, two of which are kickers/punters. Outside of Thomas, Dawkins or maybe Runyan, there is no player worth the tag, and it looks like the Eagles may not be the only team not to use it.