Prior to the draft each team may franchise up to 5 players that appear on their off-season roster acording to the following rules:
No more than 1 QB or 1 RB may be franchised.
No more than 1 WR may be franchised.
No more than 2 defensive players may be franchised.
No more than 1 K may be franchised.
Franchised players will not be available in the upcoming draft and are immediatly added to that team's roster for the upcoming season.
For every player franchised, the team forfeits the same number of draft picks at the end of the upcoming draft.
A team may not franchise more players than they have draft picks in the upcoming draft.
Once a team has named their franchised players the team may not change their designations in any way even if franchised players are traded before the draft.
Any franchised players that are traded before the draft retain their exemption from the draft for their new team.
Prior to the draft each team may create a list of no more than 5 players of any position that appear on their off-season roster but are not franchised. This is called the supplimental list.
For the 2000 draft:
Franchising
These rules will take affect for the 2000 draft.
Before the draft each franchise may designate 1 franchise player and no more than 4 transitional players from their current roster. No more than 1 WR, 1 K, 1 DF, 1 DB, and 1 QB/RB may be designated.
If Franchise X wishes to retain the services of one of their designated players for the upcoming season, Franchise X must select that player during the normal course of that season's draft. If another franchise drafts any of Franchise X's designated players before Franchise X does, Franchise X will not be able to retain those player's services for the upcoming season. However, Franchise X will be compensated for the loss of that player. (see 4.a. & 4.b. of this section)
If Franchise Y wishes to gain the services of a player that has been designated by Franchise X, Franchise Y may select that player during the normal course of that season's draft, but Franchise Y may then be required to compensate Franchise X with money and/or future draft picks as indicated below.
If Franchise Y drafts Franchise X's designated franchise player, Franchise Y must compensate Franchise X with $5 million and a draft pick in this draft no later than exactly two rounds from the current draft pick at the time of the drafting of the franchise player. (So if Franchise Y selected Franchise X's franchise player with the 3rd overall pick in a 10 team draft, Franchise Y would pay Franchise X $5 million and Franchise Y would give Franchise X any of Franchise Y's draft picks between and including the 4th and the 23rd overall picks in this draft.)
If Franchise Y drafts one of Franchise X's designated transitional players, Franchise Y must compensate Franchise X with $2 million and Franchise Y's last available draft pick in this draft at the time of the drafting of the transitional player.
If Franchise Y is unable to pay any part of this compensation, Franchise Y may not draft the player in question.
As the draft progresses, unselected franchise and transitional players loss their designations. If Franchise X drafts one of Franchise Y's designated players after their designation has been removed, Franchise X is no longer required to compensate Franchise Y in any way.
Franchise players still available after the 2nd round, will have their franchise designation removed.
Transitional players still available after the 9th round, will have their transitional designation removed.
The rights to a designated player may be traded during the draft.
Long Term Exclusive Contracts
Any time after the first game of the FLOF season and prior to the kick off of that year's FLOF Bowl, a franchise may sign one player to a long term exclusive contract. Players under contract are not available during the draft and are automatically retained by the franchise that signed them.
A franchise may never have more than 1 player under contract at a time.
Long term contracts must cover the next 2 years at minimum.
Signing a player to a long term contract obliges the franchise to pay $8 million and forfeit their first round and their seventh round draft picks every year during the life of the contract, payable on draft day.
Cutting, waiving, or otherwise releasing a contract player does not release the franchise from their contractual obligations although the franchise does lose the benefits of the contract, even if another team subsequently acquires the player.
If Franchise X trades their contract player to Franchise Y, Franchise Y assumes the benefits and obligations of that player's contract and Franchise X is released from all contractual obligations with that player.
If Franchise Y obtains a contract player through trade and the next draft will begin the last year of that player's contract then Franchise Y must resign that player to a new contract to cover at least the next 2 years.
If Franchise Y obtains a contract player as a free agent or through waivers, the player is not considered to still be under contract. If Franchise Y wishes the benefits of a contract, Franchise Y must sign the player anew.