Exam (elaborations)
NFL Salary Cap & CBA
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NFL Salary Cap & CBA
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NFL Salary Cap & CBA Exclusive Rights Player - Answer Player contract that expires at time when he has 0 -1-2- accrued seasons. Cannot market services to other clubs, if his old club gives him a minimum salary tender on or before last day of that league year. If tender is provided player can only re -sign with his old club (unless tender is withdrawn) Restricted Free Agent - Answer Player whose contract expires when he has earned three (3) Accrued Seasons. If his old club provides him with a sufficient "Qualifying Offer" on or before the last day of that League Year, it retains the right to either match an offer the player may get from another club or to receive draft choice compensation from the club making the offer. The Qualifying Offer is based on the level of draft choices the old club wants to receive. For example, the Qualifying Offer to a player with three (3) Accrued Seasons in 2015 for the Club to receive a second round draft choice and the Right of First Refusal in 2015 is $2,356,000. The Restricted Free Agent only has until about a week before the draft (April 30th in 2015) to generate an offer from another club. If he fails to get an offer, his exclusive r ights revert to the old club unless the Qualifying Offer is withdrawn. Unrestricted Free Agent - Answer A player whose contract expires when he has earned at least four (4) Accrued Seasons is free to sign with any other club if he does so by July 22 of the same year. If he does not sign elsewhere, his exclusive rights revert to his old club after July 22 provided that the old club has given him a written tender by June 1st offering to re -sign him for an additional year at a ten percent increase in salar y (the "June l Tender"). An Unrestricted Free Agent will be restricted in signing elsewhere, however, if he is designated a Franchise or Transition Player. Franchise Player - Answer Each club may designate one player who would otherwise be an Unrestric ted Free Agent as a Franchise Player. The designation must be made within a two -week period beginning on the twenty -second day preceding the first day of the new League Year and will end at 4:00 p.m. New York time on the eighth day preceding the first day of the new League Year. The club must tender the Franchise Player an offer equal to the formula stated in Article IOof the CBA or 120% of the player's Prior Year Salary, whichever is greater. If the player's Club extends the non - exclusive tender offer, th e Franchise Player can seek offers from other clubs, but the old team can match the offer or receive two first round draft choices from the offeri ng team. If the player's club extends the exclusive tender offer, the club retains excl usive rights to the p layer and he cannot negotiate with other teams. Once signed by the player, the tender is guaranteed. Transition Player - Answer club can elect to use a Transition Player designation for one Unrestricted Free Agent instead of using a Franchise Player de signation. If it does so, it must tender the player an offer equal to the formula stated in Article lOof the CBA or 120% of his Prior Year Salary, whichever is greater. A Transition Player can obtain an offer from any other team, but his old team can only match or not match the offer and it cannot collect any draft choice compensation. Once signed by the Player, the tender is guarant eed. Credited Season - Answer Credited Season is any season in which a player is on one of the following lists for at lea st three (3) regular season or post -season games: Active List, Inactive List, Injured Reserve List or Physically Unable to Perform List. A player will also earn a Credited Seaso n if he is released injured and paid the equivalent of at least three (3) game checks. Earning Credited Seasons entitles you to various benefits under the CBA. For instance, a player who has earnedThe benefits of buying summaries with Stuvia:
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