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 Franchise Player before UFA
11:30:06, 25.02.21

The guide for selling a player, who is about to become a UFA, states:

you can sell him only in case there are more than 14 days till termination of the contract.

Does this rule also apply for selecting your franchise player i.e. franchise status would have to be given 14 days before contract expiry or can franchise status be given when there are less than 14 days till contract expiry?