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On Sunday, the Tennessee Titans locked up quarterback Ryan Tannehill to a four-year, $118M extension. After the deal took place, it left running back Derek Henry as the top priority in terms of offseason signings for the Titans. After a historic 2019 season, Henry was unable to land himself a well-deserved payday.

Titans placed franchise tag on RB Derrick Henry, per source. — Adam Schefter (@AdamSchefter) March 16, 2020

On Monday, Tennessee announced they have placed the franchise tag on Derrick Henry, which will cost around $10.3M in the 2020 season. Henry is coming off a season in which he led in rush attempts (303), rushing yards (1,540), rushing touchdowns (16), and rushing yards per game (102.7).