The Kansas City Chiefs have informed L'Jarius Sneed they are prepared to use the franchise tag and are open to consummating a trade if no long-term deal is reached, a source told ESPN's Jeremy Fowler on Tuesday.
Sneed is agreeable to the scenario, which gives him a chance to talk with other teams while the Chiefs remain in play for his services for the 2024 season.
Pending league approval, a new contract for Sneed, a free agent, could be worked out as part of a trade to kick in at the start of the new league year.
The source stressed that a trade is very much on the table. The Chiefs are expected to use the nonexclusive franchise tag, which would cost about $19 million for the 2024 season.
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