Washington Redskins quarterback Kirk Cousins warms up before the Jan. 10 playoff game against the Packers. (Nick Wass/Associated Press)

A day after the Washington Redskins placed the franchise tag on Kirk Cousins, the quarterback’s agent said the player will accept the designation and will not seek other offers when NFL free agency opens next week. The franchise tag means Cousins will earn a salary of $19.95 million next season unless the sides work out a long-term contract.

Agent Mike McCartney announced the news Wednesday night via Twitter.

Cousins could have waited and allowed his agent to gauge his value with other teams because Washington used the nonexclusive franchise tag on him. If a team had signed him to an offer sheet that the Redskins declined to match, the team would have had to send two first-round picks to the Redskins as compensation.

But because of that hefty price, it wasn’t expected that such a team would step in.

Once the franchise deal is signed, Cousins will be under contract and permitted to take part in all offseason workouts and practices.

The Redskins and his agent can continue to negotiate toward a long-term deal. If they reach an agreement by July 15, the franchise tag would become void and Cousins would play under the new multi-year deal.

If Cousins and the Redskins do not reach an agreement, he will play on that one year, $19.95 million salary and become a free agent again next offseason.