Franchise player tag
When LeBron James bolted Cleveland this summer, the move not only devastated Cavs fans, it devastated the value of Dan Gilbertâs team to the tune of $200 million.
This year, the Nuggets have been in a high stakes chess match with their star Carmelo Anthony. Despite the fact that Melo has a strong supporting cast and an owner willing to pay the luxury tax to keep them winning, heâs refused to sign a contract extension with the team and has instead, been pushing for the Nuggets to trade him to the team of his choice -- the Knicks.
Owners in Orlando, Utah and New Orleans are growing increasingly anxious about their star players doing the same thing in the summer of 2012. Thereâs a good chance that Dwight Howard, Deron Williams and Chris Paul all decide to leave good playoff bound teams for bigger markets and to hook up with other stars like the Heat did.
With the owners entrenched in tough negotiations with the Players Association over a new collective bargaining agreement, thereâs been a growing movement among owners to add a new weapon to their arsenal -- a franchise player tag.
The franchise player tag isnât a new concept. The NFL has employed it since 1993. The model is simple. To avoid losing your best player in free agency, owners can tag one unrestricted free agent as a âfranchise playerâ