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49ers won’t use franchise tag; Jennings RFA tender decision looms

Published Feb 20, 2024 at 1:20 PM
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Beginning on Tuesday until March 5, each NFL team is allowed to use its franchise tag to hold contractual control over their top free agent on a one-year deal. Again, the 49ers will sit this one out. They do not have anyone who fits the profile of a franchise player whose contract is set to expire. The 49ers' top free agency priority might be restricted free-agent wide receiver Jauan Jennings, whose profile increased with a strong Super Bowl LVIII showing. There are three options for Jennings, the team's No. 3 wide receiver who might become even more important to the 49ers with Brandon Aiyuk's uncertain status as he eyes a new contract this offseason. With each level the 49ers could tender Jennings, it comes with varying degrees of compensation the club would receive if he ends up signing a more-lucrative offer sheet with another club. The least-likely scenario is the 49ers providing Jennings with a first-round tender, which OverTheCap.com estimates to be $6.464 million for one season. In that scenario, if Jennings were to sign a multi-year contract with another team and San Francisco decline to match, it would receive a first-round draft pick as compensation. The second-round...

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