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2023/2024 NFL Agent Exam
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2023/2024 NFL Agent Exam
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2023/2024 NFL Agent ExamNFL Player Contract - ANSWER-A written agreement or series of such agreements executed at or about the same time between a person and an NFL Club pursuant to which such person is employed by such Club as a professional football player.
Collective Bargaining Agreement (CBA) - ANSWER-The union contract between the NFL Players Association and the NFL Management Council covering the terms and conditions of employment of all NFL players.
Draft or College Draft - ANSWER-The NFL's annual draft of Rookie football players described in CBA Article 6 (College Draft).
Drafted Rookie - ANSWER-A person who is selected in the current League Year's Draft or whose Draft rights are held, or continue to be held, consistent with this Agreement, by an NFL Club that selected the Rookie in a prior Draft.
Required Tender - ANSWER-A Player Contract tender that a Club is required to make to a player pursuant to the CBA, either as a matter of right with respect to the player, or to receive Rights of First Refusal, Draft Choice Compensation and/or other rights with respect to the player, as specified in the CBA.
Right of First Refusal - ANSWER-The right of an NFL Club, as described in CBA Articles 9 (Veteran Free Agency) and 10 (Franchise and Transition Players) to retain the
services of certain Veteran players by matching offers made to those players.
Draft Choice Compensation - ANSWER-The right of any Club, as described in CBA Articles 9 (Veteran Free Agency) and Article 10 (Franchise and Transition Players) to receive draft pick(s) from any other Club.
Exclusive Rights Player - ANSWER-A player whose contract expires at a time when he has less than three Accrued Seasons in the NFL cannot market his services to other clubs if his old club gives him a minimum salary tender, as described in CBA Article 8, on or before the last day of that League Year. If the tender is provided, this player can only re-sign with his old club (unless the tender is later withdrawn).
restricted free agent - ANSWER-A player whose contract expires when he has earned three (3) Accrued Seasons. If his old club provides him with a sufficient "Qualifying Offer", as described in CBA Article 9, 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 2021 for the Club to receive a second-round draft choice and the Right of First Refusal in 2021 is $3,384,000. For the 2021 League Year, the Restricted Free Agent has until April 23, 2021 to generate an offer from another club. If he fails to get an offer, his exclusive rights revert to the old club unless the Qualifying Offer is withdrawn.
Unrestricted Free Agent - ANSWER-As described in CBA Article 9, 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 only if his old club has given him a written tender by the Monday following the last day of that year's NFL Draft offering to re-sign him for an additional year at a ten percent increase in. If his prior club does not tender such player, then the player remains an Unrestricted Free Agent for the
remainder of that League Year. 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 Unrestricted 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 10 of the CBA or 120% of the player's Prior Year Salary, whichever is greater. If the player's Club extends the nonexclusive tender offer, the 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 offering team. If the player's club extends the exclusive tender offer, the club retains exclusive rights to the player and he cannot negotiate with other teams. Once signed by
the player, the tender is fully guaranteed.
Transition Player - ANSWER-A club can elect to use a Transition Player designation for one Unrestricted Free Agent instead of using a Franchise Player designation. If it does so, it must tender the player an offer equal to the formula stated in Article 10 of 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 fully guaranteed.
Credited Seasons - ANSWER-Any season in which a player is on one of the following lists for at least three (3) regular season or postseason games: Active List, Inactive List, Injured Reserve List or Physically Unable to Perform List. Bye weeks do not count toward a player earning a Credited Season. A player will also earn a Credited Season 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 earned three (3) or more Credited Seasons in the NFL qualifies to receive the pension benefit. Keep in mind however, that the definition for Credited Seasons for Minimum Salary purposes is slightly different. Please refer to CBA Article 26, Section 2 for more information.
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