Jets put franchise tag on Abraham

The New York Jets announced today that defensive end John Abraham has been designated as the Club's franchise player. The announcement was made by Jets' General Manager Mike Tannenbaum.

"The franchise tag is one of the resources we have to protect ourselves in a competitive league," said Tannenbaum. "By franchising John, it speaks volumes about what type of player we feel he is and we stand behind our decision, with the full realization that at this point in time it is in the best interest of the club from both a financial and competitive standpoint."

The franchise tag gives Abraham the option to play for the Jets in 2006 for an average salary of the top five highest-paid players at his position. That figure is derived from the Collective Bargaining Agreement, which calls for a franchise player to be guaranteed a one-year offer equal to the average of the top five defensive ends' (check position) salaries in the NFL for the previous season (2005 in this case). Under terms of the CBA, Abraham may negotiate with any other team in the NFL, but the Jets would retain the ability to match a contract offer. If Abraham is offered a contract that the Jets do not elect to match, the Jets would receive two first round draft choices in the NFL draft in return.

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