Franchise Tag Question

[Ricky Spanish]

As we all know, the Kraken is a FA now and eligible for the franchise tag. Since there hasn't been anyone worth FTing since Peppers 5 years ago, I have forgotten the ins and outs of the whole process. 

 

I know that the tagged player will receive top 5 money (averaged) but what is the benefit to the team? Does that number not count against the cap, or is it just a band-aid over a bullet hole that hurts us a ton in the short term of Cap space?

 

If it does not help us financially, I can't see any way we fork over 10+ million for a one year deal for the Kraken as much as I like him. That leaves us with only 6 mil to play with in the offseason. 

 

Any more information that can be shared on the whole thing?

[Jackofalltrades]

The benefit is you keep a guy you obviously think has value and have another year to create the cap space needed to sign him longterm.

[panthers55]

There is more than one Franchise tag.  If you give him an exclusive tag then he is paid the average of the top 5 at his position and he can't negotiate with other teams.  The non-exclusive tag allows him to negotiate with others but you can match their money or let him go for 2 first rounders. The transition tag allows him to negotiate, you can match but if you don't you get no compensation.

 

http://bleacherreport.com/articles/1553248-nfl-franchise-tag-2013-explaining-rules-types-and-values-for-every-position

 

Yes it is bleacher report but it is accurate and a good explanation.

[IamSoClutch]

I down with the no-exclusive tag. 2 1st round picks would be very very nice

[Woodie]

I down with the no-exclusive tag. 2 1st round picks would be very very nice

I seriously doubt we'd get two 1st's, but we could negotiate for acceptable compensation.

[jdpanther5]

Just posted this in another thread, probably more relevant here:

 

 

An alternative that makes sense to me would be to tender Hardy. Even if we use the non-exclusive franchise tag, if we want someone to match it they would have to pay up a pair of first rounders, and I don't see that happening. A tender, however, would basically allow us to dangle Hardy for a draft pick without committing an exorbitant amount of money. Here are the tender amounts and compensation for 2013 (unsure of 2014 just yet, but it'll likely be similar).

 

$2.9 million - 1st round compensation

$2 million - 2nd round

$1.3 million - Original draft round (Hardy would be a 6th)

 

Here's an example relevant to the Panthers:

 

• Team declining to match offer sheet. Carolina Panthers cornerback Ricky Manning, Jr. was a restricted free agent in the 2006 offseason. Based on the tender placed on Manning by the Panthers, the team would receive a third-round pick in the NFL Draft if Manning signed with another team. On April 21, the Chicago Bears signed Manning to an offer sheet - a five-year contract worth up to $23 million. Although the Panthers had a full week to decide if they wanted to match the offer sheet, they announced on April 24 that they would not match. At this time, Manning became a member of the Bears and the Panthers received a third-round draft choice in the 2006 draft from Chicago.

 

Manning was drafted in the third, so we received a third for not matching the Bears' offer. Similarly, if we really want to put Hardy out there I think the 1st round tender makes most sense. If someone bites, we get a first round pick OR we can match any offers he may get. If no one bites, we get Hardy for about $3 million. Obviously, he wouldn't like this, but it would give us leverage in the negotiation process since he'd have to choose between playing a year under the $3 million tender or getting a reasonable deal done.

 

[CarolinaNCSU]

He's getting the non-exclusive tag IMO, signs elsewhere, we hopefully receive a nice pick or two. 

[IamSoClutch]

I seriously doubt we'd get two 1st's, but we could negotiate for acceptable compensation.

 

that's based on the tag. according to the definition of a no exclusive tag that's what happens

[cptx]

 

Just posted this in another thread, probably more relevant here:

 

 

An alternative that makes sense to me would be to tender Hardy. Even if we use the non-exclusive franchise tag, if we want someone to match it they would have to pay up a pair of first rounders, and I don't see that happening. A tender, however, would basically allow us to dangle Hardy for a draft pick without committing an exorbitant amount of money. Here are the tender amounts and compensation for 2013 (unsure of 2014 just yet, but it'll likely be similar).

 

$2.9 million - 1st round compensation

$2 million - 2nd round

$1.3 million - Original draft round (Hardy would be a 6th)

 

Here's an example relevant to the Panthers:

 

• Team declining to match offer sheet. Carolina Panthers cornerback Ricky Manning, Jr. was a restricted free agent in the 2006 offseason. Based on the tender placed on Manning by the Panthers, the team would receive a third-round pick in the NFL Draft if Manning signed with another team. On April 21, the Chicago Bears signed Manning to an offer sheet - a five-year contract worth up to $23 million. Although the Panthers had a full week to decide if they wanted to match the offer sheet, they announced on April 24 that they would not match. At this time, Manning became a member of the Bears and the Panthers received a third-round draft choice in the 2006 draft from Chicago.

 

Manning was drafted in the third, so we received a third for not matching the Bears' offer. Similarly, if we really want to put Hardy out there I think the 1st round tender makes most sense. If someone bites, we get a first round pick OR we can match any offers he may get. If no one bites, we get Hardy for about $3 million. Obviously, he wouldn't like this, but it would give us leverage in the negotiation process since he'd have to choose between playing a year under the $3 million tender or getting a reasonable deal done.

 

 

Can they tender a UFA?

[jdpanther5]

EDIT: Hmmm, maybe not then. Misread something. 

 

[Woodie]

that's based on the tag. according to the definition of a no exclusive tag that's what happens

Yes, if a team outright signs him while under the tag we would get two 1st round draft picks, but it's not an unalterable requirement, teams can still negotiate the exact terms of compensation.  The more likely scenario is that a team that is interested in Hardy won't want to pony up a monster contract in addition to two 1st round draft picks.  So, they would try to negotiate a more palatable compensation package.

[jptaylor84]

Like one first and maybe a third rounder?

Yes, if a team outright signs him while under the tag we would get two 1st round draft picks, but it's not an unalterable requirement, teams can still negotiate the exact terms of compensation. The more likely scenario is that a team that is interested in Hardy won't want to pony up a monster contract in addition to two 1st round draft picks. So, they would try to negotiate a more palatable compensation package.

[SgtJoo]

By the way I'm pretty sure the new CBA changed the salary of a tagged player from the top 5 five players' average to the average of players tagged at the same position over the last five years.

[Woodie]

Like one first and maybe a third rounder?

 

Exactly.  I don't think anyone is giving up two #1's and forking out a monster contract for Hardy, but I'm sure someone would give up a quality pick or two for a dominant pass rusher that is still young and just entering his prime...of course that is if we are willing to even let him go.