The Jets announced Friday that they have placed the franchise tag on kicker Nick Folk. It's the first time they have exercised the franchise tag since 2011, when they placed it on linebacker David Harris.

Folk, who had a career year in 2013, made $780,000 last season. The franchise-tag amount for kickers is projected to be $3.55 million.

Since joining the Jets in 2010, Folk has signed a one-year contract each season. Last offseason was no different, but at the end of the season, he made it clear that he thought he deserved a long-term contract.

Folk connected on 33 of 36 field-goal attempts, including three game-winners for the Jets (8-8). He made a franchise-record 23 straight field goals to start the season and recorded a career-high 30 touchbacks, according to the team.

His clutch performances each week led to the nickname "Folk Hero" from coach Rex Ryan -- though it was not enough to earn him a spot in the 2014 Pro Bowl.

The expected franchise-tag amount of $3.55 million, however, is more than he made in the five previous seasons combined.

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Both sides have until July 15 to agree on a contract extension. If not, Folk will play for the franchise-tag amount.

On Friday, the Panthers reportedly signed kicker Graham Gano to a four-year, $12.4-million deal.