The panel reviewed Franklin's contact on Gold Coast's Matt Shaw during the second half of Hawthorn's one-point NAB Cup loss on Saturday night, but found the big forward had no case to answer.
"As the ball was kicked forward, Shaw cut across Franklin's line in a bid to intercept the ball and high contact was made, for which a free kick was paid," the MRP's statement said.
"After viewing all available footage, the panel said that Franklin had his hand open in a bid to gather the ball when contact was made and it was their view the action was not a striking action.
"No further action was required."
There were no charges laid from the weekend's NAB Cup matches.
The matchday report of Sun Andrew Boston for a high bump on Brisbane Lion Claye Beams was dropped, after the MRP decided Boston did not have an alternative way to contest the ball.
And Carlton forward Levi Casboult was also found to have no case to answer after a review of his crunching of Greater Western Sydney defender Matt Buntine on Sunday.
Buntine was sent to hospital with suspected rib damage after the clash, but the MRP found Casboult was making a realistic attempt to win the ball and the contact was accidental.
