as per nfl.com: [
www.nfl.com]
Non-exclusive franchise tag: This is the most commonly used tag. When most people refer to the "franchise tag" it's generally the non-exclusive version to which they are discussing. It is a one-year tender offer to a player for an amount no less than the average of the top five salaries at the player's position over the last five years, or 120 percent of the player's previous salary, whichever is greater. The player can negotiate with other teams. The player's current team has the right to match any offer, or receive two first-round picks as compensation.
Exclusive franchise tag: A one-year tender offer to a player for an amount no less than the average of the top five salaries at the player's position for the current year, or 120 percent of the player's previous salary, whichever is greater. The player's team has all negotiating rights to the player. The bump in pay scale (current average salary versus averaging past five years of data) means only the crème de la crème get this tag (think: Drew Brees or Von Miller).
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