So he gets slightly more than the franchise tag, but I’m not sure how this helps him much since it just means he’ll be in the same situation next year.
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Same situation but the franchise tag for RBs will probably go down.
So someone pointed out in another community that the franchise tag can also be 120% of the player’s precious salary. It’s whichever value is higher, which would almost definitely be 120% of this contract if they tried to tag Jacobs again. So that makes this deal make a lot more sense since it protects him from the tag going down next year and gets him a little more money.