What fee percentage is typically charged for the second franchise tag on a player?

The fee percentage that is typically charged for the second franchise tag on a player is 1.5%. This percentage reflects the NFL's regulations concerning franchise tags, where the fee for the second consecutive franchise tag is lower than the original franchise tag amount. In using the 1.5% figure, this acknowledges that the player's salary established under the second tag will be based on a different structure compared to the first tag; specifically, it is set at the average of the top five salaries at that position or 120% of the player's previous salary, whichever is higher. This structure provides significant financial implications for both the team and the player, making the knowledge of such percentages essential for agents navigating player contracts.