Tender offer prices and conditions
Boston Globe, reports the NFL has released the tender amounts and conditions for restricted free agents this offseason.
The low tender will be worth $850,000 and sets compensations at the round in which the player was drafted.
The second-round tender will be worth $1.3 million and sets compensation as a second-round draft pick.
The first-round tender will be worth $1.85 million and sets compensation as a first-round draft pick.
The first- and third-round tender will be worth $2.35 million and sets compensation as first- and third-round draft picks.
If another team signs the player to an offer sheet, the original team could attempt to match the offer in all cases.
Re: Tender offer prices and conditions
Someone want to explain this?
Re: Tender offer prices and conditions
Quote:
Originally Posted by
smizzhfx
Someone want to explain this?
Paraphrased from NFL.com, these offer prices apply to restricted free agents. Restricted free agents are players who have completed three seasons in the league and whose contracts have expired (ex. Matt Schaub, Brandon Chillar, Ernest Wilford).
Their current organizations have the option of giving them qualifying offers at the prices listed above. These players are allowed to negotiate with other teams until April 21, at which time their rights revert to their original club and they receive a one-year contract at the above listed price.
If during the free agency period a RFA and another organization agree to a contract, the current organization has two options: (1) match the offer and retain the player or (2) receive draft-choice compensation depending on the level of the qualifying offer originally made to the player.
So for instance, if we give Brandon Chillar the contract offer sheet of one-year $1.3 million, then we could receive a second round pick this year if another team chooses to sign Chillar to a contract and we elect not to retain him.
Re: Tender offer prices and conditions
Re: Tender offer prices and conditions
Quote:
Originally Posted by
Nick
So for instance, if we give Brandon Chillar the contract offer sheet of one-year $1.3 million, then we could receive a second round pick this year if another team chooses to sign Chillar to a contract and we elect not to retain him.
If only that were reality!
