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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.
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Team matching offer sheet. Arizona Cardinals offensive guard Reggie Wells was a restricted free agent in the 2006 offseason. On March 17, the Buffalo Bills signed him to an offer sheet – a five-year deal worth approximately $18 million. Four days later on March 21, the Cardinals matched the Bills' offer sheet for Wells, and he reverted to the ...
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Hill signed with the New Orleans Saints after not being selected in the 2013 NFL draft. [2] [3] Hill became a restricted free agent during the 2016 offseason. On March 22, 2016, he signed an offer sheet to join the Chicago Bears. [4] Three days later the Saints matched the Bears' offer sheet and re-signed Hill. [5]
This contract was not historically guaranteed; however, it became guaranteed starting in 2007 per the collective bargaining agreement agreed to by the NFL owners and the NFLPA on March 8, 2006. If the player signs the offer sheet prior to a long-term contract, the player's team can then use the tag the next year.
The offer sheet stated that the entire $49 million would be guaranteed if Burleson played five games, in one season, in the state of Minnesota, or if his average per year exceeded the average of all running backs on the team combined. The Vikings played eight home games a year in Minneapolis, and at the time of the offer sheet, the team spent ...