What Is a Franchise Tag?
A franchise tag is given to one player on an NFL team who has reached free agency. Two types of tags exist: non-exclusive and exclusive. The most common tag is the non-exclusive tag, which enables the tagged player tagged to talk to other teams during free agency and entitles him to be paid 120 percent of his previous season's salary or the average of the top five salaries at that position.
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Non-Exclusive Franchise Tag
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The non-exclusive tag is designed for the player tagged to be kept for at least another season. However, if another team wishes to trade for the player or offer draft or monetary considerations the other team must pay at least the league-mandated average of the top five salaries at that position.
Exclusive Franchise Tag
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The exclusive tag is not much different than the non-exclusive tag, other than the fact that under the exclusive franchise tag, a player does not have the option to negotiate with other teams and as such is signed to at least one more season.
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Salary for Franchised Players
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The salary for franchised players consists of either the top five average salaries at that player's position or 120 percent of the player's salary the season before, whichever is larger.
Length of Contract for Franchised Players
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The length of the contract for exclusive or non-exclusive players is one season, unless a deal is struck by the original team or a signing team to sign the player for a longer term.
Importance of Franchise Tag
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The franchise tag is given to players who are important to the team and show extraordinary effort. The tag will either keep the player for at least one more season or will deal him to another team for draft or monetary considerations.
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