The New York Giants placed their non-exclusive franchise tag on star running back Saquon Barkley, as announced by the team Tuesday.

The non-exclusive franchise tag places Barkley under a one-year contract for the 2023 season, when he will make $10,091,000, according to Spotrac. Franchise tag amounts are determined either by the average of the previous offseason’s top five tags at the player’s position or a 20% increase on the player’s previous salary, depending on which will generates the larger sum.

Under the non-exclusive tag, other teams are able to negotiate a contract with Barkley. However, the Giants have the right to match any offer, and they would receive two first-round draft picks if Barkley signed elsewhere.

Both Barkley and the Giants can negotiate a long-term contract until July 17 –– something the team announced they were continuing to discuss.

In 2022, the former No. 2 overall pick rushed for a career-high 1,312 yards on 295 carries, as well as ten touchdowns. He also appeared in 16 games, which was the most since his rookie season in 2018.

From 2015-2017, Barkley spent three seasons at Penn State. In that time, he rushed for 3,843 yards (the second-highest mark in program history) and 43 touchdowns on 671 attempts. Barkley also recorded 1,195 receiving yards and eight touchdown catches.