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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.
The 1988–1994 NHL collective bargaining agreement (CBA) introduced restricted free agency and operated under different rules than subsequent CBAs. [1] Unrestricted free agency would not be introduced until the 1995 CBA. The 1988–1994 NHL CBA had four groups of restricted free agents who were eligible to sign an offer sheet.
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 ...
There were two successful offer sheets and Boston Bruins goalie Jeremy Swayman is among the restricted free agents who still need contracts. USA TODAY Sports grades all 32 NHL teams on the moves ...
The 2005 NHL-NHLPA collective bargaining agreement (CBA) introduced "re-entry waivers."With limited exceptions, any player who was subject to waivers before assignment to the minors must clear re-entry waivers before being called back up if said player is on a one-way contract or a two-way contract with an AHL salary in excess of $105,000.
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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.