Update

Packers decide not to franchise tag Greg Jennings

CREATED Mar. 4, 2013 - UPDATED: Mar. 4, 2013

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  • Greg Jennings. | Photo: Milwaukee Journal Sentinel

GREEN BAY - The Green Bay Packers have decided not to franchise tag Greg Jennings.

Using the franchise tag means that a team can make sure the player can't depart as a free agent, and in return, they receive one of the top five salaries in the NFL that year at that position. The decision means Jennings can now depart as a free agent.

"Green Bay had weighed doing so but such a move would have consumed $10.54 million of the team's $123 million salary cap," Fox Sports said. "The Packers also have depth at the wide receiver position with Jordy Nelson, Randall Cobb and James Jones under contract."

The two-time Pro Bowl receiver had three consecutive years with 1,000 yards receiving, including his 2010 Pro Bowl season when the Packers won Super Bowl XLV.

"Jennings is considered one of the top wideouts set to hit the market when the free-agent signing period begins March 14," said Fox Sports.

He suffered a groin injury, started just five games and only caught 36 passes in the 2012 campaign.