Post by CC06 on Apr 1, 2020 14:56:41 GMT -5
Restricted free agency gives the player's original team the right to match an offer sheet the player signs with another team and keep the player. It is allowed following the fourth year of rookie "scale" contracts for first-round draft picks, as well as all veteran free agents who have been in the league three or fewer seasons (including the current season).
In order to make their free agent a restricted free agent, a team must submit a qualifying offer to the player by the start of the off-season. The amount of the qualifying offer for players on rookie scale contracts is automatically calculated based on the player's draft position. The qualifying offer for all other players must be for either 125% of the player's previous salary, or the player's minimum salary plus $200,000, whichever is greater. The qualifying offer is a one-year contract that the player will return to the team on if he does not sign another contract. The team automatically gets an exception in the amount necessary to make this qualifying offer if they are over the salary cap.
When another team wants to sign a restricted free agent, it signs the player to an offer sheet, the principal terms of which the original team is given 24 hours to match. If the player's original team matches the offer sheet, the player is then under contract to his original team and is no longer a free agent. If the player's original team does not exercise its right to match the contract within 24 hours, the offer sheet becomes an official contract with the new team, and the player is no longer a free agent.
General Rules:
- The offer sheet must be for at least two seasons.
- There can be no compensation given to a team in return for their not matching an offer to a restricted free agent. (For example, Houston could not sign Golden State's restricted free agent, then send Golden State a draft pick in exchange for their not matching the offer and retaining the player.)
- Teams can rescind their qualifying offer to a restricted free agent, in which case the player becomes unrestricted. (Note, this does not mean the player's cap hold has been rescinded.)
- A signed offer sheet cannot be rescinded.
In order to make their free agent a restricted free agent, a team must submit a qualifying offer to the player by the start of the off-season. The amount of the qualifying offer for players on rookie scale contracts is automatically calculated based on the player's draft position. The qualifying offer for all other players must be for either 125% of the player's previous salary, or the player's minimum salary plus $200,000, whichever is greater. The qualifying offer is a one-year contract that the player will return to the team on if he does not sign another contract. The team automatically gets an exception in the amount necessary to make this qualifying offer if they are over the salary cap.
When another team wants to sign a restricted free agent, it signs the player to an offer sheet, the principal terms of which the original team is given 24 hours to match. If the player's original team matches the offer sheet, the player is then under contract to his original team and is no longer a free agent. If the player's original team does not exercise its right to match the contract within 24 hours, the offer sheet becomes an official contract with the new team, and the player is no longer a free agent.
General Rules:
- The offer sheet must be for at least two seasons.
- There can be no compensation given to a team in return for their not matching an offer to a restricted free agent. (For example, Houston could not sign Golden State's restricted free agent, then send Golden State a draft pick in exchange for their not matching the offer and retaining the player.)
- Teams can rescind their qualifying offer to a restricted free agent, in which case the player becomes unrestricted. (Note, this does not mean the player's cap hold has been rescinded.)
- A signed offer sheet cannot be rescinded.