The Free Agency It’s one of the most anticipated moments of every season. During this period, he is plagued by transportation and commutingthey define the future for better or worse for many franchises.
Next, Sports news It brings a list of terms you need to know to successfully pass one of the most interesting sections of any campaign.
The Glossary of NBA Free Agency Terms
What is a restricted free agent?
Although he is an out-of-contract player, the last franchise you played for has the option to match any offer you receive to keep you on their team.
The most common case is in rookies completing their first major league contract. Once a restricted free agent signs with another franchise, the organization that owns his rights has 48 hours to match the offer.
What is an unrestricted free agent?
Refers to a player who His contract has expired and he enjoys complete freedom to decide his next team. Should he sign with the same team he played for last season, he will be able to sign a maximum guarantee of five years.
On the other hand, if you decide to change your franchise, you can only do so for a maximum period of four years. There are more advanced terms and rules, such as depending on years of experience in the league.
What is player selection?
Unilateral clause that a player can exercise to extend his contract with a franchise for an already predetermined amount without the franchise having to agree.
What is equipment selection?
Unilateral clause that a franchise can exercise to extend the player’s contract for an already predetermined amount without the player having to agree. Usually appears on rookie contracts after their first two years in the league.
What is an Eligible Offer?
Intended for players ending their rookie contract. A team offers him a link for one more year and 125% of his salary.
A Qualifying Offer does not mean that player in question will play for the team next season: it simply allows the franchise with that right to match any offer, making him a restricted free agent.
What is a takeover?
It is one termination of the contract by mutual agreement. The difference to a cut or layoff is that the player decides to “forgive” a portion of the money remaining on his contract to the team in order to become a free agent.
What is the salary cap?
It’s the number the NBA allows in salaries per season, the same number for all 30 NBA franchises. It is one of the main initiatives along with the Draft that the NBA implements maintaining competitiveness between the teams that make up the league.
is a limit malleable, this is can be overridden by multiple exceptions. It will be 134 million by 2023-2024
What is the luxury tax threshold or tax apron?
Once the lower salary cap is exceeded, there is a number by which franchises must pay extra for every dollar over the $162 million barrier.
That extra from franchises that exceed the luxury tax is distributed between the NBA and the teams that didn’t break that barrier. The amount they will have to pay out as a “penalty” depends on how much they exceed the limit. The more dollars spent, the bigger the penalty you have to pay, there are barriers by sections.
What is the salary area?
Represents the amount of money available to sign free agents. It is the result of the salary cap minus the guaranteed salaries for the season.
What is the maximum contract?
the highest amount any NBA player can earn. Players between the ages of 0 and 6 in the league can receive 25% of the salary cap. 7-9 players can receive a maximum of 30% of the salary cap and players 10 years and older in the NBA can receive a maximum of 35%.
If a player does not change teams, he will enjoy annual raises of 8% and can sign for up to 5 years, an advantage for the last franchise that enjoyed his rights. The rest of the league can only sign him for 4 years and raise 5% of his salary.
There are exceptions (ie Derrick Rose Rule which allows a player who during his rookie contract wins MVP, DPOY or makes an All-NBA team twice) to sign for 30% of the salary cap. The designated veteran extension that allows players with 7-9 years in the league, two-time All-NBA selection or in their final season, MVP or DPOY, can be renewed for 35%.
What is Sign&Trade?
It is a type of contract (allowed by the collective bargaining agreement) in which a franchise signs a player who is an unrestricted free agent to a new contract, only to later immediately trade him to another team (of the player’s choice).
This is usually done to allow the player to earn a higher salary and/or a greater number of years on his contract than the NBA salary cap rules, which usually allow the destination team itself to provide the player.
The views expressed here do not necessarily reflect those of the NBA or its organizations.
