Post by billy on Jun 21, 2015 8:46:51 GMT -5
Restricted Free-Agency
1. All 1st round picks will have their fifth year as Qualifying offer and they will be subjected to Restricted Free Agency.
2. A restricted free agent is subject to his current team's Right of First Refusal, meaning that the player can be signed to an offer sheet by another team, but his current club reserves the right to match the offer and keep the player.
3. An offer sheet is a contract offer of at least two years made by another team to a restricted free agent.
4. The player's current club has two days to match the offer or loses the player to the new team.
5. RFA applies on the year of the Qualifying offer not after the year of the Qualifying Offer.
Example: The Contract of Kawhi Leonard is: $3,053,368 $4,268,608
-so this 2015 offseason, Kawhi will already be an RFA not on 2016 offseason.
Process:
1. Send in your "Pitch" for a RFA to that player's agent.
The Player Agent will let you know that they've received your offer, and they will take into account all of the offers received for the player and narrow it down to 3 offers, one of which will be the resigning teams offer unless there are 3 vastly better offers.
The PA committee will then vote on which of the three offers is the "best" considering all factors, and the winning bid will be the offer that the player will choose.
Unlike UFA, there is no follow up in RFA, once you send in your initial bid, you cannot change it or the pitch.
Make sure to include all relevent factors that the player will want to consider in joining your team, including the contract itself and the No Trade Clause if applicable.
2. The owner of that player has the option of either:
A. Offer a contract-extension just like any other team but risk signing him to a contract higher than the highest contract offer from another team. In case the player will not re-sign with him, he can still match the offer which that player signed.
B. Wait for him to sign an offer sheet and decide if he will match it or not.
A GM will get the right of first refusal even if they do not offer a contract to the RFA.
This part will last 48 hours.
3.The Restricted FA, through his PA now has three options.
A. Accept the contract-extension of his team.
B. Sign an offer sheet from another team.
C. Accept the Qualifying Offer and be an Unrestricted Free Agent in next years offseason.
RFA and Cap Holds
Three scenarios can play out:
1) The RFA signs the QO. Then there's no bookkeeping difference between the cap hold and the contract.
2) The RFA re-signs with his team. Then the QO stays on as a hold until the end of the off-season.
3) The RFA signs an offer sheet elsewhere. Then the QO comes off the books for the former team, and the offer sheet contract hits the books on the other team. Once the former team matches, the new contract moves over to their books.
1. All 1st round picks will have their fifth year as Qualifying offer and they will be subjected to Restricted Free Agency.
2. A restricted free agent is subject to his current team's Right of First Refusal, meaning that the player can be signed to an offer sheet by another team, but his current club reserves the right to match the offer and keep the player.
3. An offer sheet is a contract offer of at least two years made by another team to a restricted free agent.
4. The player's current club has two days to match the offer or loses the player to the new team.
5. RFA applies on the year of the Qualifying offer not after the year of the Qualifying Offer.
Example: The Contract of Kawhi Leonard is: $3,053,368 $4,268,608
-so this 2015 offseason, Kawhi will already be an RFA not on 2016 offseason.
Process:
1. Send in your "Pitch" for a RFA to that player's agent.
The Player Agent will let you know that they've received your offer, and they will take into account all of the offers received for the player and narrow it down to 3 offers, one of which will be the resigning teams offer unless there are 3 vastly better offers.
The PA committee will then vote on which of the three offers is the "best" considering all factors, and the winning bid will be the offer that the player will choose.
Unlike UFA, there is no follow up in RFA, once you send in your initial bid, you cannot change it or the pitch.
Make sure to include all relevent factors that the player will want to consider in joining your team, including the contract itself and the No Trade Clause if applicable.
2. The owner of that player has the option of either:
A. Offer a contract-extension just like any other team but risk signing him to a contract higher than the highest contract offer from another team. In case the player will not re-sign with him, he can still match the offer which that player signed.
B. Wait for him to sign an offer sheet and decide if he will match it or not.
A GM will get the right of first refusal even if they do not offer a contract to the RFA.
This part will last 48 hours.
3.The Restricted FA, through his PA now has three options.
A. Accept the contract-extension of his team.
B. Sign an offer sheet from another team.
C. Accept the Qualifying Offer and be an Unrestricted Free Agent in next years offseason.
RFA and Cap Holds
Three scenarios can play out:
1) The RFA signs the QO. Then there's no bookkeeping difference between the cap hold and the contract.
2) The RFA re-signs with his team. Then the QO stays on as a hold until the end of the off-season.
3) The RFA signs an offer sheet elsewhere. Then the QO comes off the books for the former team, and the offer sheet contract hits the books on the other team. Once the former team matches, the new contract moves over to their books.