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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.
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 ...
The one-year, guaranteed contract that is offered to the player is a known, non-negotiated salary. If a designated player does not sign the offer and is unable or unwilling to negotiate an alternative contract before week 10 of the designated season, the player is unable to sign or negotiate a contract in the NFL for the remainder of the season.
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.
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]
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 ...
On April 6, 2018, the New Orleans Saints signed Meredith to a two-year offer sheet worth $9.6 million with $5.4 million in guarantees, giving the Bears five days to match the contract. [21] On April 11, 2018, the Bears declined to match the offer sheet, officially making Meredith a member of the Saints. [ 22 ]
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