The last time the Buffalo Bills used the franchise tag, it turned into an episode that lasted months, ending with what appeared to be the alienation of one of the team's top players -- Jairus Byrd.
Any concerns over having that happen twice in a row were eradicated with left tackle Cordy Glenn, as the newly franchised player signed his one-year tag to put him under contract with the Bills in 2016. Glenn's representation, SportsTrust Advisors, announced the signing on Twitter.
— SportsTrust Advisors (@_SportsTrust) March 4, 2016
With the contract, Glenn will make a fully-guaranteed amount of $13.706 million in 2016, which will also be his cap figure for the year as well. That is, unless, the Bills and the left tackle come to terms on a long-term contract agreement that can lower the cap figure in 2016.
The two sides have until July 15 at 4:00 pm to consummate a longterm deal. If they do not by that deadline, Glenn will play under the one year franchise tag and cannot negotiate another longterm contract with the Bills until after the 2016 season is over.
The Bills cleared $27.225 million from their salary cap over the past week, even without the restructured deal of Corey Graham. With the official signing of Glenn, that pool of cap room is reduced to $13.519 million, again, before the Graham restructure is finalized.
Glenn has started all four seasons at left tackle for the Bills since entering the league as a second-round pick in 2012.