It becomes guaranteed once he signs it I believe. Given these uncertain times, might be good to have that signed, despite what most players would do which would be to wait until camp is well under way and come in near the end to avoid all of the wear and tear leading up to game 1.
Giants placed the franchise tag on a guy they could have signed in free agency yet opted to trade a high 3rd and 4th rounder for him despite already eliminated from the playoffs lol
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