Franchising Olivier Vernon would cost Miami Dolphins $15.7M

We still don’t know if the Miami Dolphins will use the franchise tag on Olivier Vernon.

But at least we know how much it would cost if they did.

The players’ union on Monday announced the 2016 franchise and transition tag numbers for each position.

The final numbers came in pretty close to the estimates.

Should the Dolphins use the franchise tag on Vernon, it would cost $15.7 million, both in real money and against the cap.

Should they go with the riskier transition tag, the obligation drops to $12.7 million. However, after last year’s situation with Charles Clay -- when the Dolphins placed the transition tag on him only to lose him to the Bills -- they might be reluctant to go down that road again.

The Dolphins have another day to decide. The deadline for placing the tag on players is 4 p.m. Tuesday.

This story was originally published February 29, 2016 at 12:18 PM with the headline "Franchising Olivier Vernon would cost Miami Dolphins $15.7M."