What is the significance of a "franchise tag" on NFL players?

What is the significance of a "franchise tag" on NFL players?
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1 Answer

Answer :

answer:A quick summary as I understand it… - Each team can franchise one player per year (usually a free agent, I don’t know why you would use it on anyone else) – that player can’t leave unless the team they are going to gives up two first round picks – the team is basically agreeing to pay the average of the top 5 salaries at their position for the next year – it’s a one year deal – players hate it because it isn’t a long term contract and it cuts back on their options – there is also an “exclusive” franchise tag where the player can’t talk to other teams (so they can’t sign with anyone else, and the 2 draft pick rule isn’t in effect) This is what was put on Peyton Manning and Michael Vick this year – the team and player can still negotiate a new deal while someone is “franchised” The wiki has more.
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