What percentage is charged for a third franchise tag?

The percentage charged for a third franchise tag is typically set at 1%. This rate reflects the NFL's structure for franchise tags, which allows teams to retain players by offering them one-year contracts at a set percentage of their previous salary or the average salary of the top players at their position. Each subsequent franchise tag significantly increases the costs associated with keeping the player.

In the case of a third franchise tag, the league standard is specifically established at 1% of the salary cap, providing some level of protection to the players while also reflecting the increasing commitment required by the teams to retain a player under this designation. Understanding this percentage is essential for agents and players, as it influences contract negotiations and strategies for both the player and the franchise.