Titans place franchise tag on 2019 rushing leader Derrick Henry

What is next for Henry after franchise tag? (1:04)

Marcus Spears highlights the importance of Derrick Henry to the Titans and sees him getting a long-term deal with the team even though he was franchise-tagged. (1:04)

The Tennessee Titans have placed the non-exclusive franchise tag on running back Derrick Henry, the team announced Monday.

The Titans were able to use the tag on Henry after agreeing to a new contract with quarterback Ryan Tannehill. The four-year deal is worth $118 million, a source told ESPN's Jeff Darlington on Sunday.

Henry, who turned 26 in January, won the NFL rushing title with 1,540 yards last season and has posted consecutive seasons of more than 1,000 yards.

Of all NFL running backs with at least 200 carries last season, Henry's 5.1 yards per carry was the highest.

He is the first running back to get the franchise tag after leading the NFL in rushing in the previous season. He is the third running back to get tagged and win a rushing title at any point in his career, along with Edgerrin James (rushing titles in 1999 and 2000, tagged in 2005) and Shaun Alexander (rushing title in 2005, tagged earlier in 2005 offseason).

The official franchise tender for running backs in 2020 is $10,278,000, per the NFL.

Henry proved to be a valuable part of the Titans' offensive attack, especially in the playoffs. Entering the AFC Championship Game, he had accounted for 69% of the team's total offense. During the Titans' run into the playoffs, Henry also became the first player to rush for 180 or more yards in three consecutive games.

The fourth-year running back took on more of a leadership role with the Titans last season, drawing praise from coach Mike Vrabel.

Since being selected in the second round of the 2016 draft out of Alabama, Henry has rushed for 3,833 yards on 804 carries (4.8 YPC) and scored 38 touchdowns. He also has caught 57 passes for 578 yards and three touchdowns. He won the Heisman Trophy in 2016.

This is the first time the Titans have used the franchise tag since 2012, when they tagged safety Michael Griffin before agreeing to a five-year contract in June. Before that, tight end Bo Scaife was tagged in 2009 after defensive tackle Albert Haynesworth played under the tag in 2008. The then-Oilers also used the franchise tag on safety Blaine Bishop in 1997.

ESPN's Turron Davenport and The Associated Press contributed to this report.