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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his old club (unless tender is withdrawn)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 rights 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withdrawn.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
salary (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 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