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“Tag” Deadline Approaching: Franchise & Transition Tenders
A reminder that the two-week period for clubs to designate 2010 franchise and transition players ends at 4:00 PM ET on Thursday, February 25. In the uncapped 2010 season, teams have an extra transition tag and can thus designate one franchise player and one transition player OR two transition players. Currently, there are 235 unrestricted free agents.
A franchise player is a designated restricted or unrestricted free agent whose team must tender a one-year contract at the average of the five highest-paid players at the player’s position in 2009, or 120 percent of the player’s 2009 salary, whichever is greater. A franchise player designation gives the club a first-refusal right to match within seven days an offer sheet given to the player by another club after his contract expires. If the club matches, it retains the player. If it does not match, it receives two first-round draft choices as compensation.
A transition player must be offered a minimum of the average of the top 10 salaries at the player’s position in 2009, or 120 percent of the player’s 2009 salary, whichever is greater. A transition player designation gives the club a first-refusal right to match within seven days an offer sheet given to the player by another club after his contract expires. If the club matches, it retains the player. If it does not match, it receives no draft pick compensation from that club.
Below is a position-by-position breakdown of minimum tenders for franchise and transition players in 2010.
To designate a Franchise Player in 2010 and retain a Right of First Refusal and potential compensation of two first round Draft Selections, the required Minimum Tenders are as follows:
CLICK LINK FOR ENTIRE ARTICLE
“Tag” Deadline Approaching: Franchise & Transition Tenders
A reminder that the two-week period for clubs to designate 2010 franchise and transition players ends at 4:00 PM ET on Thursday, February 25. In the uncapped 2010 season, teams have an extra transition tag and can thus designate one franchise player and one transition player OR two transition players. Currently, there are 235 unrestricted free agents.
A franchise player is a designated restricted or unrestricted free agent whose team must tender a one-year contract at the average of the five highest-paid players at the player’s position in 2009, or 120 percent of the player’s 2009 salary, whichever is greater. A franchise player designation gives the club a first-refusal right to match within seven days an offer sheet given to the player by another club after his contract expires. If the club matches, it retains the player. If it does not match, it receives two first-round draft choices as compensation.
A transition player must be offered a minimum of the average of the top 10 salaries at the player’s position in 2009, or 120 percent of the player’s 2009 salary, whichever is greater. A transition player designation gives the club a first-refusal right to match within seven days an offer sheet given to the player by another club after his contract expires. If the club matches, it retains the player. If it does not match, it receives no draft pick compensation from that club.
Below is a position-by-position breakdown of minimum tenders for franchise and transition players in 2010.
To designate a Franchise Player in 2010 and retain a Right of First Refusal and potential compensation of two first round Draft Selections, the required Minimum Tenders are as follows: