Sports Agent News

August 28, 2007

Slingo. The Franchise Player

Filed under: NFL CBA, NFL Rules/Regulations, Slingo, Sports, Sports Agent — Tags: , — emmettjones @ 3:34 pm

In lieu of the Asante Samuel situation, the Slingo for this week is the Franchise Player tag that is sometimes seen in NFL contracts. Each year, each NFL team has the ability to designate one player who would usually be an unrestricted free agent (a player with 4 accrued seasons who is free to sign with any team, as long as he does so before the beginning of training camp of his free agency year) as a franchise player, which keeps the player from becoming a free agent. The team must make the franchise player designation after the previous season is over and sometime before the free agency period begins (this is usually over a 2 week span in February), and they must tender an offer to the player that is equal to the average of the top five salaries in the league at that position. If the player is offered a salary that is based on the top five salaries of the previous season, the player can seek offers from other clubs, with the original club retaining the ability to match the offer and keep the player, or receive 2 first round draft picks from the new club to release the player. If the offer is based on the top 5 salaries at the end of the restricted free agent period, this is usually a week or two before the NFL draft in April, the club retains exclusive rights to the player and they are unable to negotiate with any other teams.

That about covers it. Franchise Players…They’re Faaaaaannnnntastic!

Advertisements

Create a free website or blog at WordPress.com.