Found March 02, 2012 on Fox Sports Ohio:
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The Bengals today designated K Mike Nugent as the team's franchise player, under terms of the NFL's Collective Bargaining Agreement. The franchise tag gives Nugent the option to sign with the Bengals for 2012 for a salary specified by a formula within the CBA. Nugent is a free agent and will have the right to negotiate with other teams, but the franchise-player designation means that should Nugent agree to terms with another team, the Bengals could retain him by matching the offer. Should the Bengals decline to match a competing offer, the team signing Nugent would be required to give the Bengals two first-round draft choices. Nugent and the Bengals are still permitted to negotiate for a multi-year contract, either before or after Nugent would elect to sign the one-year franchise-player offer for 2012. Nugent is an eighth-year NFL player in 2012. He has played two seasons for the Bengals after signing as a free agent for 2010. This past season he helped the Bengals gain ...
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