Cardinals place franchise tag on Karlos DansbyPosted: Updated:
TEMPE - The following is a press release from The Arizona Cardinals:
The Arizona Cardinals Football Club today announced that the team has placed the "non-exclusive" franchise tag on linebacker Karlos Dansby.
The deadline for franchise tag designation is Thursday, February 19 at 2:00 PM (MST). Under the terms of the "non-exclusive" franchise tag designation, a player receives a one-year tender at 120% of his 2008 salary or the average of the five highest paid NFL players at his position in '08, whichever is greater. The Cardinals can continue to negotiate a long-term contract with Dansby through July 15. If he receives an offer sheet from another team, the Cardinals can match it or receive two first-round draft picks as compensation.
It is the second consecutive year Dansby has received the designation.
The franchise tag was created in 1993 as part of the Collective Bargaining Agreement to help teams keep their star players.