Exclusive or non-exclusive tag for QB Lamar Jackson?

NFL teams can officially designate their franchise or transition players starting today, and the name everyone has their eyes on is QB Lamar Jackson.

It has already been reported that the Ravens will give Jackson a tag, but whether it will be the exclusive or non-exclusive tag is unknown. 

Baltimore has until March 7 to make its decision, but which is the better option?

The exclusive tag is projected to cost $45 million while the non-exclusive tag costs $32.4 million, per ESPN's Jamison Hensley. However, the difference between the two is the compensation the Ravens would likely receive if Jackson were to be traded.

Under the non-exclusive tag, teams could offer Jackson a contract and if Baltimore didn't want to match it, it would receive two first-round picks. But under the exclusive tag, the Ravens would have full control of Jackson, where he goes and what they would get in return.

"My sense is that it will be the exclusive," NFL Network's Ian Rapoport said on "The Pat McAfee Show." "It costs Baltimore more, however, if at some point they ever want to trade him, they set the bank. It would be more than two first-rounders."