The Miami Dolphins, as of Monday, led the National Football League in available cap space for the 2022 season. On Tuesday, however, they dropped to second.
The Dolphins took to Twitter this morning and announced that 2018 second-round pick Mike Gesicki will receive the franchise tag from the team, a 1-year contract worth just under $11 million. Additionally, Gesicki has until July 15 to come to a long-term deal with the franchise before officially playing under the franchise tag.
General manager Chris Grier and the front office started their spending a bit early and the team, if Gesicki plays under the tag, now has roughly $52 million in cap space, which is second behind the Chargers ($56 million).