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One week in, seven franchise tags applied

The two-week window for applying the franchise tag opened one week ago.  And with one week to go, seven players have been slapped with the device aimed at placing stiff restrictions on an otherwise unrestricted free agent.

A player restricted by the franchise tag receives the greater of the average of the five highest-paid players at the position in 2010, or 120 percent of the player’s 2009 compensation.  His team receives a right to match an offer sheet that the player signs with another team, and the ability to collect two first-round picks if the offer isn’t matched.

Under the exclusive version of the tag, the player cannot sign with a new team, and he receives the greatest of the average of the five highest-paid players at his position in 2010, the five highest-paid players at his position at the end of the 2011 restricted free agency signing period, or 120 percent of his 2010 compensation.

The seven players receiving the franchise tag to date are:  Patriots guard Logan Mankins, Eagles quarterback Mike Vick, Ravens defensive tackle Haloti Ngata, Jets linebacker David Harris, Chargers receiver Vincent Jackson, Colts quarterback Peyton Manning, and Chiefs linebacker Tamba Hali.

Manning’s $23 million tender arises from his 2010 compensation multiplied by 1.2.  Since it was no more expensive to use the exclusive or the non-exclusive version of the tag on Manning, the Colts went with the version that prevents someone from realizing that two first round-picks would be a no-brainer investment for a crack at Manning.

Vick also has received the exclusive version of the tag, which means that his salary will likely increase if/when Manning signs his new contract and pushes his 2011 pay above $23 million.

The franchise tender becomes fully guaranteed when accepted by the player.  The tag can be rescinded at any time before the player accepts it.  If the tag is rescinded, the player becomes an unrestricted free agent.

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9 Responses to “One week in, seven franchise tags applied”
  1. onlythetruth10 says: Feb 17, 2011 11:01 PM

    one week in, let’s see how many players bitch and threaten to holdout (aka vincent jackson)…at least michael vick is embracing it as somewhat of an honor.


  2. deepdawg says: Feb 17, 2011 11:24 PM

    Vick & Manning deserve it.

    join FB page- Mark Buehrle Sucks

    He promotes hunting and killing animals just not dogs….

  3. shaggytoodle says: Feb 17, 2011 11:38 PM

    The franchise tender becomes fully guaranteed when accepted by the player. The tag can be rescinded at any time before the player accepts it. If the tag is rescinded, the player becomes an unrestricted free agent.

    Leroy Hill almosts remembers how that works, but he was baked.

  4. hosmachine says: Feb 17, 2011 11:53 PM

    Franchise tag Farve woooo

  5. paulnoga says: Feb 18, 2011 3:40 AM

    How many people out there are already tired of this CBA mess?
    It seems that it is the only news for months. I fell that its like the last year’s long political election. It will never end.

  6. dino2997 says: Feb 18, 2011 4:09 AM

    All good players but I don’t know if any of them with the exception of Peyton Manning is worth the huge salary of a franchise player.

  7. gocaps8 says: Feb 18, 2011 5:52 AM

    Hey, I love what Manning brings to the table, but do you really think a team would realize that “two first round picks would be a no-brainer” for a crack at Manning?

    At his age, with his mileage, even the Redskins wouldn’t make that move! Five years ago, yes. Today, no.

  8. xmgmx says: Feb 18, 2011 7:08 AM

    caps, there isn’t two teams out there that WOULDN’T entertain the idea of 2 1st rounders for Peyton. Probably 20 teams would jump on it in a heartbeat. The revenue and ticket sales for whatever team got him would go through the roof.

  9. sfsaintsfan says: Feb 18, 2011 9:00 AM

    Manning may have only 3-5 years left of his near prime, but over 20 teams would probably have jumped all over the chance to sign him for two first round draft choices. He could probably take 10 cellar dwellers to the playoffs for 3 of the next 5 years, who wouldn’t give up two first rounders for that?

    Many people don’t realize it but Peyton Manning is less than a year and a half older than Tom Brady. Everybody thinks Manning is ready to fall off a cliff because he is “old” but he is not really all that “old” just experienced. He started as a rookie and has started ever since.

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