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 with tight end Kyle Pitts ($15.045 million) and the Dallas Cowboys with receiver George Pickens ($27.298 million). Both were non-exclusive franchise tags. While the window opened two weeks ago, teams typically wait until the final day to make their decisions, allowing for better negotiation and assessment. Deadlines often spark action, and today is no exception. Several additional tags could be assigned today. The Jets have indicated they'd tag Breece Hall if no long-term deal is reached, and Cincinnati hasn't ruled out tagging Trey Hendrickson, potentially for trade purposes. The most intriguing scenarios unfold in Indianapolis, where General Manager Chris Ballard faces a choice between QB Daniel Jones and WR Alec Pierce. Jones might recall his 2023 experience, when he 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 window closes, enabling Indianapolis to retain Pierce's rights? Or could both players be signed, or potentially traded? Any player not tagged today will enter free agency, but teams can still extend 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. It's a thrilling time for NFL fans and a crucial period for team strategies.
