The Chicago Bears officially announced today the team has placed the franchise tag on wide receiver Alshon Jeffery.
GM Ryan Pace said last week that the team was working toward a long-term deal with Jeffery but that he would use the franchise tag if necessary. Obviously, no long-term contract came to fruition, thus the tag.
Still, the Bears will continue to try and ink Jeffery, the club's best player, to a multi-year deal before the July 15th deadline, at which time Jeffery must play under the tag if no other contract has been signed.
With the NFL's salary cap set at $155.27 million, Jeffery would make $14.599 million if he plays under the tag in 2016.
Jeffery is coming off his worst NFL campaign, an injury riddled 2015 season in which he played just nine games. Yet the injuries don't appear to be a concern for Bears brass, who aren't willing to let one of the best receivers in the league hit the open market.