Franklin was charged with engaging in rough conduct after a hit on Richmond's Ben Cousins and the Hawk can accept a one-match ban.
It'll be a huge blow for plenty of DreamTeam coaches heading into the Grand Final, with forwards options depleted after injuries to Steve Johnson, Paul Chapman, Mitch Brown and maybe even Nick Riewoldt.
The Hawks look likely to challenge the decision leaving the door open for a late reprieve.
Also, Hawthorn have updated the status of Jaryd Roughead on their injury list to TBC, suggesting he could be a chance to play in this weekend's do-or-die match with the Bombers.