What is the financial outcome for a player franchised tagged for the third time?

When a player is franchised tagged for the third time, the financial outcome is structured to provide significant compensation. The key aspect of this scenario involves the use of the higher value between two calculations: the average of the top five salaries at the player's position and a percentage increase from the player's previous salary.

Specifically, for the third franchise tag, the player earns either the average of the top five salaries for that position or 144% of their previous year's salary, whichever amount is greater. This rule is in place to ensure that players who are consistently tagged have a fair chance at a substantial payout which reflects their value in the market while also recognizing the team's financial considerations.

Therefore, the correct answer encapsulates all possible financial outcomes, indicating the choice that includes all these considerations. This advanced calculation serves to protect the player's earning potential while also adhering to guidelines established in the Collective Bargaining Agreement (CBA).