Clubs are given one franchise tag to offer to any unrestricted free agent. The franchise tag is a one-year deal that pays the player 120% of his previous contract or no less than the average of the five highest-paid players at his position, whichever is greater. There are two types of franchise tags: exclusive tags, which do not allow the player to negotiate with other clubs, and non-exclusive tags, which allow the player to negotiate with other clubs but gives his former club the right to match any offer and two first-round draft picks if they decline to match it.