Report: Raiders use franchise tag on Jacobs

The Las Vegas Raiders placed the franchise tag on running back Josh Jacobs, a source told NFL Network's Ian Rapoport.

The running back franchise tag is just over $10 million this offseason. Vegas has about $48.4 million in cap space before using the tag on Jacobs, according to OverTheCap.

A report earlier this week indicated that Las Vegas would place the franchise tag on Jacobs if the sides couldn't agree to a long-term extension. Jacobs and the team have until July 15 to work out an extension, or he'll play on the franchise tag next season.

Jacobs led the NFL in rushing yards (1,653) and scrimmage yards (2,053) last year. The 25-year-old also scored 12 touchdowns.

The Raiders declined Jacobs' fifth-year option last offseason. The runner made the Pro Bowl in 2020, but his production dipped to career lows in 2021.

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