As per SNY Giants Insider Mike Garafolo of the Star-Ledger:
By appointing the franchise tag to Weatherford, the Giants have seemingly bought more time to negotiate a new deal with Weatherford. Weatherford can negotiate with other teams, but if that team wants to sign the player and Giants choose not to match the offer, the Giants will receive a first-round draft choice. The NFL's free agent signing period begins March 13.
According to Mike, Weatherford is only the third player in Giants' history to receive the franchise tag. The first was OT Jumbo Elliott in 1993 and the second was RB Brandon Jacobs in 2009. Jacobs reached a deal for an extension with the team 12 days after being tagged.
A punter with the skill of Weatherford is hard to find, as we have found out after Jeff Feagles retired and Matt Dodge imploded the past few years.Another Mike - Florio - of Pro Football Talk, gave his rundown of the league's tagged players Monday....