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Bills place franchise tag on Cordy Glenn

Bills place franchise tag on Cordy Glenn
Posted at 12:36 PM, Mar 01, 2016
and last updated 2016-03-01 14:35:15-05

The Buffalo Bills have assured that they'll have their left tackle in 2016.

The Bills have informed left tackle Cordy Glenn that they'll place the franchise tag on him ahead of the 4:00 pm deadline on Tuesday.

With the Bills putting the franchise tag on Glenn, it does two things. First, it puts Glenn in line for a one-year, fully-guaranteed salary of $13.706 million for the 2016 season if he signed that deal. Second, teams are still able to negotiate with Glenn, but if they strike an agreement and the Bills choose not to match, that team would then owe Buffalo two first-round draft picks -- a price tag few, if any would be willing to pay.

By placing the franchise tag on Glenn, it would keep him as property of the Bills for 2016, and it also allows the two sides to continue to negotiate a long-term deal. The new deadline for the two sides to strike a long-term agreement would then be July 15 at 4:00 pm. If they cannot come to terms on a deal by then, Glenn would only be allowed to sign the franchise tag, or a revised one-year contract.

If the Bills decide against using the franchise tag on Glenn, he would be allowed to start speaking with other teams during the legal tampering window on March 7 after 4:00 pm. He would then become an unrestricted free agent, clear to sign with any team, on March 9 after 4:00 pm.

Twitter: @JoeBuscaglia