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Green Bay Packers don't franchise RB Aaron Jones, source says

GREEN BAY, Wis. -- The Packers did not use the franchise tag to retain Pro Bowl running back Aaron Jones, a source told ESPN's Adam Schefter, but they still have one more shot to retain him before he hits free agency.

The source told Schefter that the Packers are still attempting to re-sign him before he gets there. They retain exclusive negotiating rights with Jones until Monday, when unrestricted free agents can begin talking to other teams.

The tag would have cost the Packers about $8 million. They're currently about $10.6 million over their projected salary cap and will have to make roster moves or restructure existing contracts in order to get under the limit by next Wednesday.