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NFL 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his old club (unless the tender is later withdrawn).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.
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, 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