Ok, there's been a lot of confusion regarding the team's options when it comes to using the Franchise Tag on Greg Hardy. Since this argument is going on in multiple threads and has been for several days, I figured a new thread to try and explain the tag scenarios as best I can and what each on will mean for the Panthers. Here goes:
Option 1: "Exclusive" Franchise Tag - This is the lesser used version of the tag. Essentially, this is a team preventing a player from becoming a free agent for one