The New York Jets haven't utilized the franchise tag since 2011, when they slapped it on linebacker David Harris. At the time, it wasn't used as negotiating leverage; it was merely insurance, keeping Harris off the market as they worked toward a long-term contract. There was little doubt they'd get it done.
This offseason, they're unlikely to use the tag -- unless it's a Harris-type situation. Their top unrestricted free agents are right tackle Austin Howard and placekicker Nick Folk. The Jets would like to retain both, but the projected cost could be prohibitive. The 2013 franchise-tag amounts for an offensive lineman and kicker were $9.8 million and $3 million, respectively -- and those numbers are projected to increase to $11 million and $3.4 million.
The Jets absolutely want to lock up Howard before he hits the open market, and they will work diligently to get that done by March 11, the start of free agency. If they progress toward a deal but can't quite finalize it by March 3 (the tag deadline), it's possible they could use the tag to buy themselves more time. But $11 million is a huge hit, and it's hard to imagine them extending themselves that much. Ultimately, Howard probably will sign a contract in the neighborhood of $4 million to $5 million per year. He made $2 million last season playing for the restricted tender.
Kicking salaries are soaring around the league (at least nine kickers make at least $3 million a year, according to overthecap.com), and Folk is looking to make a big score. He deserves it after his best season. He made only $780,000 last season on a one-year contract (his fourth straight one-year deal), and he's looking for security. Who can blame him? He was the 24th-highest paid kicker in 2013, according to overthecap.com. Traditionally, the Jets are frugal when it comes to kickers and punters. Folk is a "Folk hero," according to Rex Ryan; we'll see if the bosses are willing to pay him like one. The feeling is that Folk is a more likely tag candidate than Howard.