what exactly is the franchise tag? (1 Viewer)

[2fya]

i know it is a one year deal that pays the player top 5 money at his position. but what exactly is it? can someone give me as much information as i need to know about it?

 

[bop]

http://en.wikipedia.org/wiki/Franchise_tag

 

[2fya]

http://en.wikipedia.org/wiki/Franchise_tag

thanks