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An unrestricted free agent is a player whose â¦contract has expired and is free to negotiate with any team without his present team having the opportunity to match the contract negotiated between the player and the other team. There are two types of franchise tag ... exclusive and non-exclusive:   Exclusive: The player must be offered a one year contract 1) at a salary of the average of the top five salaried players at his position, or 2) at a salary at least 120% of his previous year's salary, whichever of the two is the higher amount.
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.