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Good Franchise Information >> Question >> If a team places a franchise tag on a player what does that mean?

If a team places a franchise tag on a player what does that mean?

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It means that he is not eligible for free agency, but the team has to pay him the average of the top 5 salaries at that position.......

It means that he is not eligible for free agency, but the team has to pay him the average of the top 5 salaries at that position.