What Does Franchise Tag Mean | SkillsAndTech

The franchise tag is often used by professional sports teams to guarantee that their best players will stay with them for a certain number of seasons. But what exactly does it mean and how does it work? In this blog post, we’ll explore the ins and outs of the franchise tag so you can better understand the intricacies of professional sports.

We’ll also look at some examples from the past to illustrate how teams have used the franchise tag to make sure their best players stay on board. So if you’ve ever wondered what the franchise tag means and how teams use it, read on!

What is a franchise tag?

A franchise tag is a designation given by the NFL to a player that allows their team to retain their rights for another season. The player is then paid a one-year salary that is the average of the top five salaries at their position, or 120% of their previous year’s salary, whichever is greater.

The franchise tag can be applied to unrestricted or restricted free agents. Unrestricted free agents are free to sign with any team, while restricted free agents can only sign with their current team if they are given a certain level of compensation (usually a first- and third-round draft pick).

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Players can be franchised up to three times in their career. Once a player has been franchised three times, they are considered to have been “tagged out” and become an unrestricted free agent.

How does a franchise tag work?

In order to understand how a franchise tag works, it is first important to understand what a franchise tag is. A franchise tag is a designation that a team can place on a player that they do not want to lose in free agency. This essentially allows the team to keep the player for one more year, at which point they can either sign him to a long-term contract or let him walk away as an unrestricted free agent.

There are two different types of franchise tags: the exclusive rights tag and the non-exclusive rights tag. The exclusive rights tag prevents the player from even speaking with other teams, while the non-exclusive rights tag simply gives the team the right to match any offer that the player may receive from another team.

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Once a team has placed the franchise tag on a player, the two sides then have until July 15th to work out a long-term contract extension. If no extension is reached by that date, then the player will be forced to play out the season under their current contract (with their salary determined by their position and years of experience).

So, in short, a franchise tag is simply a way for a team to keep a key player around for one more year while they try to work out a long-term deal. It gives both sides some extra time to negotiate without having to worry about other teams swooping in and signing away the player.

What are the benefits of a franchise tag?

There are a few benefits to being franchised. Firstly, it means that you are wanted by your team and they see you as a valuable part of their future. Secondly, it provides security in the form of a guaranteed one-year contract. Finally, it gives you the opportunity to earn more money than you would on an open market.

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What are the drawbacks of a franchise tag?

There are a few drawbacks to consider when it comes to the franchise tag. First, it can be expensive.

The team must pay the player the average of the top five salaries at their position, or 120% of their previous salary – whichever is greater. This can put a strain on a team’s salary cap.

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Second, the franchise tag prevents players from hitting the open market and signing with another team. This can create tension between the player and organization, as the player may feel like they are being held hostage. Finally, the franchise tag can limit a team’s ability to sign other free agents, as they must use up a large chunk of their salary cap on one player.

Conclusion

The franchise tag is a valuable tool for NFL teams to retain their star players, but it does come with some drawbacks. It’s important to understand the ins and outs of the franchise tag in order to maximize its potential when signing key players on your team.

By understanding what the franchise tag means and how it works, you can make sure that your team gets maximum value out of any contract they give out with this designation. Thanks for reading!