Clearly, Peppers doesn't want to be in Carolina anymore, and it would be too much to keep him here as well.
So here is what I propose, we put the franchise tag on him, then try to trade him. If we can't trade him, then we release our franchise tag and he becomes a free agent. However, we would lose our franchise tag, but we wouldn't need it because we don't have anybody else to tag.
IF we franchise him, he would get 20 mil plus, he's the hottest FA this year, let's try to get something for him.