Jarvis Landry reportedly will sign franchise tag

Jarvis Landry is looking at a big payday in the upcoming season.

According to NFL Media’s Ian Rapoport, Landry is accepting the franchise tag from the Miami Dolphins and will be signing his tender.

#Dolphins WR Jarvis Landry is accepting the franchise tag and signing it imminently, source said. Based on talks with several interested teams, he's being viewed as a No. 1. WR. Signing locks him in with DeAndre Hopkins & Antonio Brown above $16M. Let the trade talks heat up

— Ian Rapoport (@RapSheet) March 4, 2018

The franchise tag for a wide receiver will likely pay Landry around $16 million.

Landry reportedly received permission from the Dolphins to seek a trade. Any team that deals for him may try to negotiate a long-term deal with him first before agreeing to surrender assets in a trade.

Landry caught 112 passes for 987 yards and nine touchdowns last season. The 25-year-old has two 100-plus reception and two 1,000-plus yard seasons in his four-year career.