NFL Network Insider Ian Rapoport reported Monday morning the Bears aren't expected to franchise tag the wide receiver, per sources.
Jeffery played under the tag in 2016, earning $14.599 million. If the Bears utilized the tag on Jeffery again it would cost them $17.5 million, a price too rich for a receiver that missed 11 games the past two seasons. Teams have until March 1 to apply franchise tags.
Heading to the open market, Jeffery's size and skill will make him one of the top receiver targets in free agency, if the Bears can't get a long-term deal done before the new league year opens on March 9.