Personally, I do not think he will be franchised. That is the average of the top 5 receiver salaries or 120% of his previous year's salary (whichever is greater). Do you think he is worth that much time at this point in his career? Methinks not.
Larry Fitzgerald $20,000,000
Calvin Johnson $8,875,000
Miles Austin $8,540,000
Steve Smith $7,000,000
Brandon Marshall $6,500,000
Average $10,183,000
Steve Johnson $1,200,000