Vikings officially don't franchise tag Sam Darnold: What happens next?

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It's now official: The Tuesday afternoon deadline has passed and Sam Darnold was not franchise tagged by the Minnesota Vikings.
Vikings officially will not be tagging QB Sam Darnold, per sources.
— Adam Schefter (@AdamSchefter) March 4, 2025
The tag would've functioned as a one-year, $40.2 million contract. It never made sense for the Vikings to use that and keep Darnold for one more season, given how much of their cap space it would've eaten up. There was plenty of speculation about the idea of tagging Darnold and then trading him for a draft pick this year, but that would've been risky for Minnesota and clearly proved too difficult to pull off in the end.
So what's next?
Well, the notable NFL newsbreakers continue to push the idea that the Vikings want Darnold back.
"The two parties will continue to work towards a deal that is best for both sides," Ian Rapoport tweeted on Tuesday afternoon.
"The Vikings and QB Sam Darnold have been in discussions about a short-term deal to keep him in Minnesota," FOX's Jordan Schultz posted. "There is mutual interest from both sides following his resurgent season to keep this relationship going, though more work remains."
Personally, I'm not buying it in the slightest. It just doesn't seem to make sense for the Vikings to retain Darnold unless he agrees to a very team-friendly deal at well below his expected market value. And at age 27, why wouldn't a player once labeled as a bust try to cash in on the best season of his career with a big multi-year contract? This push from the "insiders" seems to me to be coming directly from involved parties like Darnold and the Vikings, perhaps in an effort to boost his market.
If no deal happens with Minnesota, Darnold will hit free agency next week. Kevin O'Connell has said that Darnold has "earned the right" to be the top free agent available this offseason. The NFL's legal tampering period begins on Monday the 10th, so that's the date where Darnold's camp could agree to the terms of a deal with a new team. Nothing can become official until the start of the new league year on Wednesday the 12th.
Last year, the Falcons signed Kirk Cousins on the Monday that free agency began. Things tend to move quite quickly once that window opens. That figures to be the case with Darnold, considering he's now the most prominent domino that has to fall in the offseason quarterback carousel.
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Will Ragatz is a senior writer for Vikings On SI, who also covers the Twins, Timberwolves, Gophers, and other Minnesota teams. He is a credentialed Minnesota Vikings beat reporter, covering the team extensively at practices, games and throughout the NFL draft and free agency period. Ragatz attended Northwestern University, where he studied at the prestigious Medill School of Journalism. During his time as a student, he covered Northwestern Wildcats football and basketball for SB Nation’s Inside NU, eventually serving as co-editor-in-chief in his junior year. In the fall of 2018, Will interned in Sports Illustrated’s newsroom in New York City, where he wrote articles on Major League Baseball, college football, and college basketball for SI.com.
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