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Free Agency

                                                                                    

 

                        

        

                                                2008 Free Agency      

 

 

 

Free Agent Definitions:

 

Unrestricted Free Agent (UFA): A player whose contract has expired and has four or more years in the league. He may sign with any team with no restrictions. If a team loses more UFAs than it signs, they will be awarded "Compensatory Draft Picks" from the league. The value of the pick is determined by the difference of the contracts signed by the players lost and those acquired. If a team has signed an equal number or more UFAs than it has lost, no "Compensatory Picks" will be awarded.

 

Restricted Free Agent (RFA): A player whose contract has expired and has fewer than four years in the league. He may sign an "Offer Sheet" with any other team, but his original team has seven days to match any offer he receives. If the original team does not match the offer, compensation will be awarded in the form of draft picks from the signing team. The round and quantity of picks are determined by the "Qualifying Offer" made by the player's original team. If a RFA is tendered a minimum qualifying offer the compensation is the equivalent of the round in which that player was originally selected. If that player was originally a rookie free agent, no compensation is awarded.

 

Exclusive Rights Free Agent (ERFA): A player whose contract has expired and has three or fewer years in the league. His original team must make a contract offer by the league imposed deadline or the player becomes an unrestricted free agent. No compensation is awarded for losing ERFAs.