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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.
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.
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 ...
An unrestricted free agent is someone who has accrued four or more NFL seasons upon their contract expiring. Restricted free agents are able to be approached from March 13.
NFL free agency begins Wednesday at 4 p.m. ET, which is also the start of the NFL's new league year. Yahoo Sports is ranking the top five NFL free agents by position. (Mallory Bielecki/Yahoo Sports)
From 12 p.m. ET on Monday, March 11 to 4 p.m. ET on Wednesday, March 13, unrestricted free agents are permitted to "communicate directly with a new club's front office officials (excluding the ...
Waivers are a National Football League (NFL) labor management procedure by which a team makes an American football player's contract or NFL rights (such as NFL draft rights to an unsigned player) available to all other teams. During the season (starting July 4 and lasting through the regular season), each team has 24 hours to file a claim for a ...
After four years in the NFL all contracts end with the player becoming an unrestricted free agent without reserve. There is a franchise tag option that is similar to the reserve clause; however, teams can only tag one player each year, although they can tag the same player for consecutive years.