With the NFL’s salary cap set finally at $155.27 million for 2016, we can figure out the amounts needed to utilize the franchise tag. That is especially important for the Carolina Panthers as they look to sign All-Pro cornerback Josh Norman to a long-term deal. If they can’t get one soon however, the team will undoubtedly lock him from the free agency market by tagging him.

According to Field Yates, $13.952 million is what it will cost the team for a single season under the tag.

Values of 2016 franchise/transition tags broken down by position: pic.twitter.com/9DANCMQlLb — Field Yates (@FieldYates) February 27, 2016

Under the franchise tag, the Panthers would go from a little over $22.668 million to a paltry $7.7 million.

That isn’t to say that the team couldn’t still work out a formal long-term contract with Norman shortly afterwards. That is probably preferable for the Panthers as it would likely lower his 2016 cap hit depending on how they have it set up, leaving room for other players to be re-signed or free agents to be signed.

It is expected that the Panthers will be looking at a few spots to upgrade and get younger at. Defensive end Charles Johnson is also potentially on the chopping block as his $15 million salary cap hit this season is one the Panthers will want to lower in some fashion. With a potential larger hole at defensive end, it would add to potential free agent acquisitions at strong safety and offensive tackle.