The Kansas City Chiefs placed the franchise tag on cornerback L’Jarius Sneed on Monday.

Provided he signs the tag, Sneed will earn $19.8 million in the 2024 season. The two sides can continue to negotiate a long-term deal until mid-July under league rules.

The Chiefs selected Sneed in the fourth round of the 2020 NFL Draft. He played last season on the final year of a four-year, $3.93 million deal signed in July 2020.

Using the tag on the 27-year-old Sneed means it’s no longer available for defensive lineman Chris Jones, who earned $19.5 million last season. The Chiefs reportedly are attempting to re-sign Jones, 29, but he could opt to test the free agent market when it opens next week.

The two-time All-Pro combined for 26 sacks the past two seasons.

Sneed started all 16 games he played last season and made 78 tackles, intercepted two passes, had 14 pass breakups and recovered a fumble.

In 57 career games (54 starts), Sneed has 303 tackles, 6.5 sacks, 10 interceptions, 40 passes defensed, four forced fumbles and three fumble recoveries.