Franchise Tags are EXCLUSIVE and players cannot be signed in free agency

Transition Tags are NON Exclusive and players can be signed if the signing team forfeits a 1st and 2nd round pick. Tending team can match the contract. If the Contract is not matched and the signing team has multiple picks in the 1st/2nd the team losing the player will get the BETTER of the picks (IE 1st overall or 20th overall, they get the 1st).

Code:
POSITION		FRANCHISE TAG	TRANSITION TAG
Cornerback		$15,750,000	$13,500,000
Defensive End		$17,750,000	$14,500,000
Defensive Tackle	$15,225,000	$12,500,000
Linebacker		$16,000,000	$13,500,000
Offensive Line		$15,500,000	$12,000,000
Punter/Kicker		$5,250,000	$4,725,000
Quarterback		$22,500,000	$20,000,000
Running Back		$13,750,000	$11,000,000
Safety	   	        $12,250,000	$10,500,000
Tight End		$10,500,000	$8,750,000
Wide Receiver		$16,500,000	$14,000,000
Contracts are half signing bonus and half roster bonus