Source: Anthony Spencer likely to get franchise tag

The Dallas Cowboys are still in talks with outside linebacker Anthony Spencer about a new contract, but it appears the team will elect to place the franchise tag on the outside linebacker, according to a source.

The deadline to franchise players is Monday at 3 p.m. CT.

Spencer would be guaranteed a base salary of $8.8 million for the 2012 season. The Cowboys have franchised two players since Jerry Jones has been the owner (Ken Hamlin and Flozell Adams), but the team worked out deals with both players prior to the season.