Jeff Howe of the Boston Herald reports that the Patriots have placed a first-round tender on restricted free agent CB Malcolm Butler.
The first-round tender will cost the Patriots $3.91 million for the 2017 season and net them a first-round pick if he receives an offer sheet from another team and they elect to pass on matching it.
Butler, 27, wound up signing on with the Patriots as an undrafted free agent out of West Alabama back in 2014. He played out the final year of his rookie contract.
In 2016, Butler appeared in all 16 games for the Patriots and recorded 63 tackles, one sack, four interceptions, two fumble recoveries, a forced fumble and 17 pass defenses.