The designation means the Raiders must tender Woodson a one-year contract equal to the average of the five highest-paid cornerbacks in the NFL last season, which is $6.8 million.
The Washington Redskins had already designated cornerback Champ Bailey, a Pro Bowler each of the last four years, as a franchise player, but gave him permission to seek his own trade.
Frustrated in their attempts to sign five-time Pro Bowl tackle Orlando Pace to a multi-year contract, the St. Louis Rams tagged him as a franchise player Saturday for the second straight year.
Last season, that obligated the Rams to pay Pace $5.73 million. This time, they will have to pay him $7.02 million, the average of the five highest-paid offensive linemen.
2014: The Year in Music [PHOTOS]