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In 2002, eight players were designated as franchise players and none as transition players.
There are two types of franchise players. Clubs retain exclusive negotiating rights to an "exclusive" franchise player by committing to a minimum offer of the average of the top five salaries at the player's position as of the end of the restricted free agent signing period on April 18, or a 20 percent increase over his 2002 salary, whichever is greater. No other clubs can negotiate with exclusive franchise players. There were no exclusive franchise players named this year. The second type of franchise player is offered a minimum of the average of the top five salaries at his position in the 2002 season, or a 20 percent salary increase, whichever is greater. This latter type of franchise player may negotiate with other clubs. The original club may match the offer and retain the player, or receive two first-round draft choices as compensation if the original club elects not to match. MORE
There are two types of franchise players. Clubs retain exclusive negotiating rights to an "exclusive" franchise player by committing to a minimum offer of the average of the top five salaries at the player's position as of the end of the restricted free agent signing period on April 18, or a 20 percent increase over his 2002 salary, whichever is greater. No other clubs can negotiate with exclusive franchise players. There were no exclusive franchise players named this year. The second type of franchise player is offered a minimum of the average of the top five salaries at his position in the 2002 season, or a 20 percent salary increase, whichever is greater. This latter type of franchise player may negotiate with other clubs. The original club may match the offer and retain the player, or receive two first-round draft choices as compensation if the original club elects not to match. MORE
