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The 2023 NFL season is in the rearview mirror, which means free agency is fast approaching. To prepare for the 2024 free agency signing period, here are answers to the most important questions about the process.

Teams can begin naming players for franchise or transfer tags on Tuesday, with the process to be completed by March 5 at 4 p.m. IN. 4,444 4,444 The franchise tag is a one-year offer equal to the greater of the five highest salary averages of the player and position over the past five seasons or 120 percent of their previous salary.

There are two types of franchise tags: non-exclusive and exclusive. The former allows players to negotiate with other teams, while the latter prohibits it, but both give the player and his current team the right to match any offer or receive two first-round picks if he signs elsewhere. However, the transfer tag is a one-year deal worth the 10 highest average salaries for a player and position. The underwriting team will not be compensated if they are unable to match the quote.

While running back is the most important position in the sport, the 2024 free agent class has some notable names on the market — albeit mostly stars late in their careers. Josh Jacobs, Saquon Barkley, Derrick Henry, Tony Pollard and Austin Ekeler are clearly the top five players available.

Despite less than half a rush last season and 805 yards rushing in 2023, Jacobs should earn the most lucrative contract in free agency. Jacobs could leave Las Vegas this offseason, but ESPNand#039;s Jeremy Fowler reported last week that the Raiders are interested in signing the 26-year-old to a new contract, depending on the price. Barkley and Henry should be at the top of almost every contending team’s wish list this offseason as both continue to put up above-average numbers.

Pollard is an intriguing rebound candidate after his first season as a starter — hampered by a leg injury suffered in the 2022 playoffs — fell short of expectations (1,005 rushing yards, six touchdowns).Ekeler, on the other hand, may not be able to bounce back from any team other than a struggling team after his 2023 production decline (628 passing yards, six total touchdowns in 14 games).