Two potential free agent wide receivers, New England's Wes Welker and Kansas City's Dwayne Bowe, are both likely to be given the franchise tag, says ESPN's Adam Schefter.

That option, of course, is contingent upon the teams being unable to work out contract extensions for the players between now and March 5, the deadline for NFL teams to apply the franchise tag on a player.

The franchise tag means that both Welker and Bowe would make $9.6 million for 2012.

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Terry McCormick covers the Titans for TitanInsider.com