In the final season of his rookie contract, Woodley, 26, made $550,000. But next season, he'll stand to make more than $10 million because of the tag and his position. The Steelers could also sign him to a long-term contract.
Woodley, a former second-round pick out of Michigan, had 50 tackles, 10 sacks and two interceptions last season, helping the Steelers to the AFC championship in just his fourth season. He has 39 sacks and seven forced fumbles for his career.
Woodley is the first player to sign a franchise tender.