The Ravens placed the franchise tag on Tucker last Friday, Feb. 26, but he had yet to put pen to paper.
The one-year franchise tag offer is worth $4.5 million. It’s roughly the average of the top-five punters and kickers’ salaries in the league.
Baltimore and Tucker have until July 15 to work out a new long-term agreement before Tucker is locked into playing under the franchise tag.
Baltimore has a history of placing the tag on players before coming to an agreement. The Ravens previously did so with Terrell Suggs and Ray Rice.
“We’ve had some [contract] discussions, but we will franchise Justin if we do not get a deal done,” General Manager Ozzie Newsome said at the NFL Scouting Combine. “Even if we do franchise him, we will continue to work to get a deal done.”
Tucker has said on many occasions that he wants an extended stay in Baltimore.
"At this juncture, I’m kind of letting it all just unfold how it’s going to unfold, and I’m optimistic that something will get done," Tucker said just after the season ended.