Dallas Cowboys Franchise WR Dez Bryant

The Dallas Cowboys have officially placed the franchise tag on wide receiver Dez Bryant, according to ESPN.

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While the tag all but secures Bryant's rights for 2015, the Cowboys hope they can work out a long-term deal before the July 15 deadline. If they don't, then Bryant will play the season on the tag for $12.823 million, the tender amount for franchised wide receivers in 2015 as part of the salary cap being set at $143.28 million.

Cowboys executive vice president Stephen Jones had said Friday that the team had informed Bryant's agent that he would receive the tender. The Cowboys did not use the exclusive franchise tag on Bryant, but a team would have to give up two first-round picks if Dallas chooses not to match an offer sheet.

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Bryant recorded 88 catches for 1,320 yards and 16 touchdown catches in 2014.