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Google is telling me it's 3 times. But either way, if they franchise tag him next year, it will be 120% of his 12Mil instead of 120% of 10.1Mil if he was tagged this year. I.E. negotiating this year will get him an extra 2.3Mil if he is franchise tagged next year.
So I looked into it further and didn’t realize the 120% of the previous salary was an option, I thought it was always the average of the top 5 salaries of their position.
So in that case, it does help a little.
As for how many tags you can put on, it looks like the 3rd time gets so expensive that it’s generally never used. But the fact that it’s 120% of the previous salary does make it pretty unlikely they’d tag him next year. That definitely makes this (and Barkley’s deal) make way more sense.