That's the deadline for teams to tender their RFA's.
I believe Fred Jackson falls in this category. The Buffalo News is reporting that the Bills have tendered Freddy... They say it's a minimum of $460,000... That must be the amount for the 10% tender.
I'll put money on it that they tendered him a lot higher... They gotta get at least a 2nd rounder if another team steals him away.
Here's how it works...
I believe Fred Jackson falls in this category. The Buffalo News is reporting that the Bills have tendered Freddy... They say it's a minimum of $460,000... That must be the amount for the 10% tender.
I'll put money on it that they tendered him a lot higher... They gotta get at least a 2nd rounder if another team steals him away.
Here's how it works...
Teams can guarantee themselves the right of first refusal—in other words, the opportunity to match any offer made to one of their restricted free agents—as long as they make a contract tender offer at one of the levels below, or 110 percent of the player's 2008 salary, whichever is greater.
First- and Third-Round Compensation
Any team that makes the unusual move of giving one of their restricted free agents a contract tender offer of $2.792 million this year will likely lock him down for the year. Few teams opposing teams will part with both a first- and third-rounder unless they have an excessive number of draft picks and see the restricted player as a must-have franchise-level player. And even then, it's a costly proposition for any club.
There really isn't a single player in this year's restricted free agent group who is likely to command this level of a contract tender.
First-Round Compensation
A team will have to commit to a $2.198 million offer to ensure themselves of at least a first-round pick as compensation if they decide not to match an offer from another club. Again, this level of commitment usually limits the number of teams who will even consider making an offer since few teams want to surrender a first-round draft pick.
You could see a player such as Houston tight end Owen Daniels receive an offer at this level to make other teams think twice before putting a multi-year deal in front of him.
Second-Round Compensation
In 2009, it'll cost a team $1.545 million to receive a second-round pick as compensation should they decide not to match a qualifying offer from another NFL club. While this level of tender has become salty enough to keep the bidding down to serious contenders, it's not so unreasonable to expect that players tendered at this level could land with another club.
Original Draft Round Compensation
This is the easiest, but also riskiest tender that a club can make. With a contract tender of $1.01 million, a team that decides not to match another club's offer would receive a draft pick equivalent to their restricted free agent's original draft round. If a restricted free agent entered the league as an undrafted free agent, the team only gets the right of first refusal by offering this level of contract tender.
First- and Third-Round Compensation
Any team that makes the unusual move of giving one of their restricted free agents a contract tender offer of $2.792 million this year will likely lock him down for the year. Few teams opposing teams will part with both a first- and third-rounder unless they have an excessive number of draft picks and see the restricted player as a must-have franchise-level player. And even then, it's a costly proposition for any club.
There really isn't a single player in this year's restricted free agent group who is likely to command this level of a contract tender.
First-Round Compensation
A team will have to commit to a $2.198 million offer to ensure themselves of at least a first-round pick as compensation if they decide not to match an offer from another club. Again, this level of commitment usually limits the number of teams who will even consider making an offer since few teams want to surrender a first-round draft pick.
You could see a player such as Houston tight end Owen Daniels receive an offer at this level to make other teams think twice before putting a multi-year deal in front of him.
Second-Round Compensation
In 2009, it'll cost a team $1.545 million to receive a second-round pick as compensation should they decide not to match a qualifying offer from another NFL club. While this level of tender has become salty enough to keep the bidding down to serious contenders, it's not so unreasonable to expect that players tendered at this level could land with another club.
Original Draft Round Compensation
This is the easiest, but also riskiest tender that a club can make. With a contract tender of $1.01 million, a team that decides not to match another club's offer would receive a draft pick equivalent to their restricted free agent's original draft round. If a restricted free agent entered the league as an undrafted free agent, the team only gets the right of first refusal by offering this level of contract tender.
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