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.