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A restricted free agent (RFA) is a type of free agent in some sports leagues, such as the National Football League (NFL), National Hockey League (NHL), and National Basketball Association (NBA). Such players have special restrictions on the terms under which they can retain or change employment status with their athletic club teams.
In professional sports, a free agent is a player or manager who is eligible to sign with other clubs or franchises; i.e., not under contract to any specific team. The term is also used in reference to a player who is under a contract at present but who is allowed to solicit offers from other teams.
In the National Basketball Association (NBA), a sign-and-trade deal is a type of transaction allowed by the collective bargaining agreement (CBA) where one franchise/team signs an unrestricted free agent or restricted free agent player to a new contract, only to then immediately trade him to another team of the player's choosing.
A restricted free agent is subject to his current team's Right of First Refusal, meaning that the player can be signed to an offer sheet by another team, but his current club reserves the right to match the offer and keep the player. An offer sheet is a contract offer of at least two years made by another team to a restricted free agent. [20]
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.
LeBron James signed as a free agent on July 12, 2014, reuniting with his former team. [58] A month later, on August 23, Minnesota Timberwolves power forward Kevin Love was acquired in a three-team trade for Anthony Bennett and Andrew Wiggins, who had been selected first overall by the Cavaliers in the 2013 and 2014 NBA Drafts, respectively. [59]
The National Basketball Association (NBA) went through several phases of compensation and other arcane provisions before reaching almost unrestricted free agency. The first player in that league—and the first American major-league athlete—to challenge the reserve clause was Rick Barry .
The following players, who last played for an NBA team during the 2014–15 season, were scheduled to become free agents. All players became unrestricted free agents unless indicated otherwise. A restricted free agent 's team has the right to keep the player by matching an offer sheet the player signs with another team.