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Restricted free agent. A restricted free agent (RFA) is a type of free agent in the National Football League (NFL), National Hockey League (NHL), or National Basketball Association (NBA). Such players have special restrictions on the terms under which they can retain or change employment status with their athletic club teams.
Free agent. In professional sports, a free agent is a player or manager who is eligible to sign with other clubs or franchises; i.e., not under contract to any specific team. The term is also used in reference to a player who is under contract at present but who is allowed to solicit offers from other teams.
Now, exclusive rights to a player are only for the first three years after his selection in the college draft. At the end of the first three years, a player can be a "restricted free agent", allowing his former team to match any offer made to him by another. After four years in the NFL all contracts end with the player becoming an unrestricted ...
The sign-and-trade helps NBA teams capitalize on financial assets that they would otherwise lose—with nothing gained in return—if a player became a free agent. It is a factor in the departing player's increased salary and extended contract. It helps the team gaining the player, by enabling it to offer a better/more economically competitive ...
Eligibility for the NBA draft. The NBA draft is a major annual event in which all the 30 franchises in the National Basketball Association select new players for their teams. Eligibility rules for prospective players have changed eight times during the history of the league. No player may sign with the NBA until they are 19 years or older.
Franchise tag. In the National Football League (NFL), the franchise tag is a designation a team may apply to a player scheduled to become an unrestricted free agent. The tag binds the player to the team for one year if certain conditions are met. Each team has one franchise tag (of either the exclusive or non-exclusive forms) and one transition ...
Holdout (sports) In professional sports, a holdout (also written as hold out) occurs when a player fails to report to their team—usually before the start of a season —or fails to perform the services outlined in the terms of their contract. Players holdout for various reasons, however the desired outcome is usually to renegotiate their ...
In the National Hockey League, an offer sheet is a contract offered to a restricted free agent by a team other than the one for which he played during the prior season. If the player signs the offer sheet, his current team has seven days to match the contract offer and keep the player or else he goes to the team that gave the offer sheet, with compensation going to his first team.