Beginning today, NFL teams have until March 4 to place a franchise or transition tag on one of their prized free agents (the free agency signing period opens March 12). Players bearing the tags are guaranteed a predetermined one-year salary based on the position they play (and a formula which factors in the size of the salary cap) but can negotiate with other clubs; the original team has the right to match any offer sheet a tagged free agent signs. The club controlling a player's rights receives two first-round draft picks if it lets a franchise player go elsewhere but gets nothing in return if a transition player is allowed to walk. Players can also receive an exclusive franchise tag which affords them more money but prevents them from testing the market.
From a historical perspective, it's worth noting little happens once a player is tagged. Only three franchised players have switched teams since the mechanism was first used in 1993, and it hasn't happened since 1998 becaise it's virtually impossible to find a veteran player who's worth two first rounders. The last transition tag player to move was all-pro guard Steve Hutchinson in 2006, though that was largely because the Minnesota Vikings constructed a "poison pill" contract the Seattle Seahawks couldn't match without wrecking their own salary cap. Transitioning Hutchinson was a bad miscalculation by the Seahawks, who would've only needed to front around $500,000 more to franchise him, and virtually no team uses that tag anymore given the lack of protection it provides.
Here are 20 players who could be franchised (a record 21 were tagged in 2012) over the next two weeks:
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Follow Nate Davis on Twitter @ByNateDavis
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Read the original story: Franchise time: 20 NFL players who might be tagged
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