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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.
The word franchise is of Anglo-French derivationâfrom franc, meaning freeâand is used both as a noun and as a (transitive) verb. For the franchiser, the franchise is an alternative to building  chain stores  to distribute goods that avoids the investments and liability of a chain. If the franchisee has paid a deposit to the franchisor, it must be refunded on termination of the franchise agreement; upon termination, the franchisee is prohibited from continuing to use the franchisor's marks.