The NFL's 2026 franchise tag window closes today, marking a pivotal moment for several teams. With hours to spare, they must decide: tag or let go. The deadline looms at 4 p.m. ET, prompting teams to act swiftly. For a comprehensive guide on franchise tags, visit https://www.nfl.com/news/2025-nfl-franchise-tag-window-opens-today. So far, two teams have utilized the tag: the Atlanta Falcons tagged tight end Kyle Pitts for $15.045 million, and the Dallas Cowboys tagged receiver George Pickens for $27.298 million, both using the non-exclusive franchise tag. While the window opened two weeks ago, teams often wait until the final day to make their decisions, allowing for better negotiation and assessment. Deadlines in the NFL, much like in life, spark action. Today is a critical day for these decisions. Several additional tags may be issued today. The Jets have indicated they'd tag Breece Hall if a long-term deal isn't reached, and Cincinnati hasn't ruled out tagging Trey Hendrickson, potentially for trade purposes. The most intriguing scenarios unfold in Indianapolis. General manager Chris Ballard expressed a desire to avoid the tag, yet he has two players in mind: QB Daniel Jones and WR Alec Pierce. This situation echoes the 2023 scenario where Jones signed a long-term contract on the final day of the tag window, allowing the New York Giants to tag Saquon Barkley. Will Jones again secure a contract as the franchise tender window closes, enabling Indianapolis to retain Pierce's rights? Could they sign both players? Or might both players become free agents, potentially seeking new teams? Any player not tagged today will enter free agency, but teams can still offer extensions to their own players. With the trade market heating up, the race to the new league year on March 11, when free agency begins, is on. Get ready for a thrilling ride!
