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A player getting the non-exclusive franchise tag is entitled to the greater of the formula clumsily explained above (and that was the fourth draft of it) or 120 percent of the playerâs cap number from the prior year.
A franchise is the right to market or sell goods or services under the trademarked name, or patented process, of an established business. A franchise agreement is a legal contract between the business, called the franchisor, and the purchaser of the franchise, called the franchisee. The franchisee purchases the right to market and sell the items under the trademarked name of the franchisor.