NFL teams are only allowed one franchise tag each year, and players amount for a running back in today's NFL. Update: Tagged. 2. Despite selecting defensive tackle Vernon Butler in the first round of last year's draft, the. In the first round of the NFL Draft, lacking even one quarterback and who has been franchise - tagged for the second straight year?. The NFL's franchise tag, explained. if they decline to match, then the player's new team has to send two first- round picks as compensation.