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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.
In the NHL, players who are restricted free agents can be, after being qualified by their current team, signed by another team to an offer sheet with salary greater than the qualifying offer. Teams have seven days to match the offer, and if the offer is not matched, the team making the offer sheet must give up compensation (see here for details ...
The "restricted" part of Group 2 free agency comes into play with the concept of an offer sheet. An offer sheet is a contract that a new team can offer a restricted free agent. If an offer sheet is signed by the player, the originating team has the option of matching that offer, or receiving compensation from the team in the form of draft picks.
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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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An offer sheet is a contract offered to a restricted free agent by a team other than the one for which his rights are owned by. 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 originally ...
The Blues tendered offer sheets to a pair of Oilers, defenseman Philip Broberg and forward Dylan Holloway.