On Thursday, the window for application of the franchise tag slid open. In two weeks, it'll slam shut. In the interim, teams have the ability to apply the franchise tag to one player who otherwise would be an unrestricted free agent.

So let's take a look at 10 players who might, or might not, end up wearing the franchise tag at some point between now and Feb. 25.

1. Julius Peppers, Panthers defensive end
The Panthers haven't spoken to Peppers about signing a long-term deal, but they don't need to do so if they plan to use the franchise tag on him for a second straight season.

As I wrote last night at PFT , the Panthers currently do not plan to do so. Even in an uncapped year, $21.8 million for 16 regular-season games is a price too high to pay for a player who isn't, hasn't been, and will never be as good as Reggie White.

Even the transition tag isn't a viable option for Peppers, since in Peppers' case the Panthers would still be required to give him a one-year, $21.8 million contract, the value of which would become fully guaranteed the moment Julius puts his John Hancock at the bottom of the page.

2. Vince Wilfork, Patriots defensive tackle
In 2004, Wilfork signed a six-year rookie contract with the Patriots. Now, the contract has expired and Wilfork doesn't want the team to use the franchise tag to keep him from hitting the open market.

What he wants and what he gets could be two very different things. Indeed, teams have the right to use the franchise tag, and few of the players who ever have been on the wrong side of the restriction ever regarded it as something desirable to have. Though it pays a player handsomely for one season, it keeps him from striking it rich via a long-term deal with an eight-figure signing bonus.

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In Wilfork's case, it's possible a long-term deal will be reached before the last day for using the tag. If it isn't, Wilfork can huff and puff all he wants, but he won't be able to keep the team from doing that which the current labor deal allows it to do.

3. Casey Hampton, Steelers nose tackle
Another guy who wants no part of the franchise tag is Hampton, a nine-year veteran who has nearly eaten his way out of the league on multiple occasions.

But he's a rare commodity — a large man (6-1, 325) who's also strong and athletic, and he fills an important role in a 3-4 defense.

For that very reason, the Steelers can't afford to lose him, even if it means using the franchise tag to keep him in place, against his wishes.

4. Aubrayo Franklin, 49ers nose tackle
Though not as well known as Wilfork or Hampton, Franklin has been every bit as effective lately, and he arguably would be the most hotly pursued of the trio if they each were to hit the open market.

But Franklin won't. And Franklin has yet to complain about the $7 million one-year salary that goes along with it.

Though it remains to be seen whether the 49ers will ink Franklin to a long-term deal, Franklin apparently will be a member of the team, at least for 2010.

5. Chester Taylor, Vikings running back
Adrian Peterson remains the top tailback in Minnesota, but Chester Taylor more than capably handles third-down duties. He also provides a nice change of pace, especially when Peterson is working through his periodic problems with securing the ball.

But the Vikings need to ask themselves whether it makes sense to pay Taylor more than $8 million for one season when they could draft a guy in the middle rounds who might be able to move the chains.

Then there's the possibility of using Percy Harvin in the backfield, or finding on the open market a more affordable alternative.

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But Taylor remains the best option, and the question is whether the Vikings are willing to pay him accordingly.

6. Shayne Graham, Bengals kicker
The notoriously cheap Bengals could have used the franchise tag in 2009 on Graham, a kicker, or on T.J. Houshmandzadeh, a receiver.

Not surprisingly, they picked the kicker, who received millions less under the one-year franchise tender.

Now, the Bengals have to decide in the wake of Graham's rough day in the wild-card round against the Jets whether to give him a 20-percent raise under the franchise tag, sign him to a long-term deal, or let him walk.

Given that their decision to dump five-year punter Kyle Larson for fifth-round draft pick Kevin Huber worked out fairly well, don't be surprised if the Bengals decide to find a much cheaper alternative at an equally fungible position.