What does a Franchise Tag do?

Jess

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A franchise tag greatly restricts what a free agent can do. Basically, it gives the guy who you tagged a 1 year deal that's worth the average of what the top 5 salaries are for the coming year at that position. For Pickett, that's 7 mil. The only way a tagged guy can sign with another team is if the team signing him agrees to give up a first round pick to his old team as well as a draft pick from whatever round the player was drafted in, so in Pickett's case another first round pick.
 

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