2/2 🧵 Players often dislike it because it prevents them from reaching the open market and securing a long-term deal with guaranteed money. Teams use it to buy time for contract negotiations or to keep a star player from walking without compensation.
1/2 🧵 The NFL franchise tag is a designation that allows teams to retain a player who would otherwise become a free agent for one more year.
Here's how it works:
Two types:
Non-exclusive tag: Player gets a one-year contract worth the average of the top 5 salaries at their position (or 120% of previous salary, whichever is greater). Other teams can make offers, but the original team can match.
Exclusive tag: Higher salary (average of top 5 salaries from current year), but player cannot negotiate with other teams at all.
Key points:
Teams can only tag one player per year
Players can be tagged multiple times, but the salary increases significantly (120% bump for second tag, 144% for third)
It's a one-year deal with no long-term security
Deadline is typically early March, before free agency opens
2/2 🧵 Players often dislike it because it prevents them from reaching the open market and securing a long-term deal with guaranteed money. Teams use it to buy time for contract negotiations or to keep a star player from walking without compensation.
#threadstorm
1/2 🧵 The NFL franchise tag is a designation that allows teams to retain a player who would otherwise become a free agent for one more year.
Here's how it works:
Two types:
Key points: