NEW YORK — If the Washington Redskins decide to place the franchise tag on quarterback Kirk Cousins, it will cost them $19.95 million for 2016 under the values agreed upon by the NFL and the players’ union.

Cousins is one of the more high-profile players whose contracts have expired, and quarterbacks carry the biggest tag numbers.

The franchise designation is worth the average of the top five salaries at a player’s position or 120 percent of the value of his 2015 salary, whichever is higher. Teams secure the rights to continue negotiations with that player even as the league’s free agency period begins, which this year is March 9.

Teams have until today to use the franchise or transition tag on a scheduled free agent. The salary cap for next season is $155.27 million, an increase of about $12 million per team from 2015.

The next most expensive position for a franchise tag is defensive end at $15.7 million, according to numbers made official Monday. Wide receivers would cost just under $14.6 million, followed by linebackers ($14.1 million), cornerbacks (just under $14 million) and offensive linemen ($13.7 million).

The Jets will be placing the franchise tag on DE Muhammad Wilkerson, a person familiar with the decision told The Associated Press on Monday. Baltimore is planning to tag kicker Justin Tucker.