What does a player receive under the Exclusive Franchise Tag?

The Exclusive Franchise Tag offers a player a one-year contract that guarantees they will receive a salary that is the higher of either the average of the top five salaries at their position or 120% of their previous year's salary. This arrangement allows teams to retain key players while also providing players with a significant salary based on market value.

This structure aims to provide financial security for players being tagged, reflecting their worth among their peers in the league. It also compensates for the lack of long-term commitment since the franchise tag is a one-year contract. This benefit is crucial for players who might otherwise enter free agency and negotiate contracts in an open market.

In contrast, the other options do not accurately describe the terms of the Exclusive Franchise Tag. A fixed three-year contract does not apply, as the tag is annual. Minimum wage for NFL players does not reflect the compensation provided through the tag, and a contract extension is not automatically given with the tag; rather, it serves as a temporary measure to keep players on the roster.