That's a strange definition of "franchise player." To me, there are only two legitimate franchise players in the NBA right now: James and Durant (maybe Paul).
I think I'm starting to understand now why you were always so incensed by people proclaiming that this year's draft might have "7 or 8 franchise players." Even by my definition I think that was always pretty much just hype, but still.
If you're setting the bar that high, there can't have been very many franchise players in the history of the NBA, can there? I mean, you're talking about generational talents.
To me, a "franchise player" is a guy around whom you can plausibly build a very good team (read: top 10 in the league, has a chance at the Finals) without requiring another player of the same caliber. You will undoubtedly need to surround any good player with talented teammates -- even LeBron and Durant are subject to that rule -- but a "franchise" player can be the clear-cut best guy on a team with a chance to go all the way.
That doesn't mean, in my book, that a "franchise player" must be so transcendent that he turns any collection of decent players into a
favorite to win the conference and perhaps the championship. That seems to be your interpretation.
To me, "franchise player" implies that they can be the face of your team, the undisputed main man. You tailor your offense, and perhaps your defense, to that player. You acquire other players specifically to fit with that player's strengths and weaknesses. You would almost never consider trading that player, unless a once-in-a-generation guy like LeBron, Durant, Kobe, Duncan, Shaq, MJ, etc becomes available (and such players almost NEVER do).
I think there are many more players in the league that the majority of NBA GMs, coaches, and players would tell you are "franchise players" than just LeBron and Durant.
I mean, wasn't Paul Pierce a franchise player at one point in time? I think he was.
Maybe a simpler way to describe what I mean by "franchise player" is that they are the players who in any given season have what it takes to be mentioned in the MVP conversation, but they need not be considered a favorite (or even a top contender) for the award.