The New England Patriots have officially placed a first-round tender on cornerback Malcolm Butler, according to the Boston Herald's Jeff Howe. 

Butler, who is a restricted free agent, is now set to make at least $3.91 million next season.

Other teams can still attempt to come to terms with Butler, but the Patriots will have an opportunity to match any deal he may agree upon with another team. If Butler is to go to another team, the Pats will get Butler's new team's first round pick in this years draft.

Though the option is technically out there for Butler to go elsewhere, expect the two-time Super Bowl champion to stick in New England for now.

After entering the league three seasons ago as an undrafted, rookie free agent, Butler has blossomed into an elite level corner and the team's top option in the defensive backfield.

Throughout his brief career, Butler has proved to be a tenacious defender both against the run and the pass. The undersized corner has totaled 145 tackles while adding 35 passes defensed, six interceptions a forced fumble and two fumble recoveries in 43 regular season games.

He also had the biggest interception in the franchise's history, three seasons ago, as he picked off Russell Wilson at the goal line to seal the team's Super Bowl XLIX.