Chiefs Place Franchise Tag on L’Jarius Sneed For 2024 Season | Negotiations with Top Players Expected
The Kansas City Chiefs have placed the franchise tag on cornerback L’Jarius Sneed, committing $19.8 million of its 2024 salary cap to the four-year veteran, according to a report from Bleacher Report’s Jordan Schultz. This non-exclusive tag allows Sneed to negotiate with other teams, and if he accepts an offer from a new team, the Chiefs have the right to match the offer or receive two first-round draft picks as compensation.
By the Numbers- Franchise tag committed: $19.8 million
- Chiefs' estimated cap space after the move: $10.3 million
- Chiefs to have significant meetings with representatives for Sneed and free-agent Chris Jones by the end of the day
- Kansas City began with $17.3 million in cap space, with additional space created by releasing wide receiver Marquez Valdes-Scantling
The Kansas City Chiefs have committed $19.8 million of their 2024 salary cap to L’Jarius Sneed by placing the franchise tag on him, leaving an estimated $10.3 million in cap space. The team looks to have significant meetings with player representatives as negotiations continue, preparing for the new league year's start on March 13.
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