Quote:
Originally Posted by YontsRBake
So you’re saying any team is able to franchise tag a player, shop them, then remove the tag with no penalty? You get why I’m skeptical here right?
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DUDE. The penalty is that you get nothing, or you pay a big fat one year cap hit. That's the penalty. You could say...tag Case Keenum and try to trade him (if his contract was up...but nobody would take that contract, the tag number would be huge). The whole thing is designed for teams to hold on to premium talent or at least get something equitable for it. BUT if nobody bites you gotta pay it or let them walk.
(Wiki) In the National Football League (NFL), the franchise tag is a designation a team may apply to a player scheduled to become an unrestricted free agent. The tag binds the player to the team for one year if certain conditions are met. Each team only has one franchise tag (of either the exclusive or non-exclusive forms) and one transition tag per year. The transition tag can only be used if the team does not use a franchise tag.
Perhaps originally designed to reduce player movement to bigger markets, which is often evidenced in the other major pro sports leagues, the NFL revenue sharing and a hard salary cap have placed teams on an even playing field relative to salaries. The tag options allow NFL franchises an extended bargaining period for a player that they feel is key to their success. Usually reserved for players of great skill or of high importance to the team, a franchise tag allows a team's general manager the privilege of strategically retaining valuable free-agent players while seeking talent through the NFL draft or other acquisitions without exceeding the League's salary cap.
The designated franchise player will have his one-year salary guaranteed if he elects to play for the team that designated him with the franchise tag and if he does not negotiate a contract with another team.-end Wiki
I know that you can rescind the tag at a certain point, I don't what date that is or what it entails but I'm seeing nothing in researching about any 'penalty'.