Today is the deadline for teams to use the franchise tag and the Green Bay Packers will not be using theirs on receiver Greg Jennings, according to Alex Marvez.
If the Packers had decided to franchise Jennings, they’d be on the hook for a little more than $10 million in 2012. That would have given Jennings the highest salary on the team.
Now, Jennings will hit free agency and in all probability sign with another team. There have been reports that Jennings is looking for $12-14 million per season, which is laughable.
Jennings will be 30 in September and has missed 11 games over the past two seasons. Teams will surely be lining up to throw $14 million per season at that guy.
Had the Packers franchised Jennings, they would be committing almost half of the salary cap space they currently have available to one guy. That doesn’t make a lot of sense when the team is still solid at receiver without Jennings. The Packers also have several contract extensions to worry about and more pressing needs — defensive line comes to mind — to address.
The only downside to not using the franchise tag on Jennings is the Packers won’t get any compensation for him. They could have used the tag and traded him. But then, they could have done the same thing with Matt Flynn last offseason.
Ted Thompson was afraid to do it then and obviously, nothing has changed.
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Same as with Matt Flynn, Monty overlooks the fact that the Packers WILL be compensated for Jennings if he leaves. They are likely looking at an extra 3rd round draft pick, which they could use.
Agreed. It’ll be interesting to see the compensatory pick for Flynn. The process is a well-kept secret, including certain salary thresholds. The curious point will be if Flynn’s salary is high enough to outweigh the fact that he played less with Seattle than Green Bay.
Bye bye Jennings. Go do an old spice commercial in a Jets uniform…
Depending how Jennings preforms on his new team (I’m assuming new team), the packers will still get a draft pick for him. So they won’t be getting nothing in return
I never gave any credence to Ian Rapoports b s article….reporters try to make a name for themselves, and hope they get lucky….As iv’e stated in earlier post……When TT doesn’t want a player back, there isn’t any confusion about it. Just ask Woodson, Jenkins, Barnett, Flynn, Green, etc. When Ian reported that story, i looked for his “source”… A big O.
He had a great run in GB…best of luck to him.
But then who’s going to put the team on their back, doe?
Good memories of GJ….
Time for him to move on.