Jason Cole article: Brees - 3rd Franchise Tag? CBA Wording

Any Club that designates a player as a Franchise Player for the third time

I don't see how this can be misconstrued. It's quite obviously (to me at least) written to reference a specific club and a specific player. I guess if you wanted to argue for the sake of arguing you could see it another way, I just don't see how the alternate definition could be made to stick....