But why tag him, if you are ok with the fact that you paid him ~20M this year, ~24M next year, how bad would he have to play not to sign him to a long term deal. Sign him to a 6 year deal, guarantee him along the lines of Andrew Luck's contract -
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Per PFT Luck received $87 million in injury guarantees of which $47 million is fully guaranteed at signing.
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I would say he should have even more fully guaranteed at signing. And be happy that we have a long term answer.
If you tag him in 2017, you set yourself up for a terrible negotiation in 2018. Either a 34M franchise tag, or a long term deal with 34M as a base.