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Tell us about this example sentence:. The word in the example sentence does not match the entry word. The sentence contains offensive content. Cancel Submit. Accepting the QO would allow both players to rebuild stock in , then test free agency with no draft pick compensation attached next year. For more information about our data practices consult our Privacy Policy. It should be noted only players who spent the entire season with one team and have not received the QO previously are eligible to receive it this year.
Players who accept the QO are not eligible to be traded until June 15 without their consent, which prevents teams from in essence doing an immediate "sign and trade" by using the QO. Also, players who accept the QO can agree to a longer term contract. The gain or loss of draft picks is tied to the luxury tax, revenue sharing, and also the size of the contract the free agent signs. Players have until Nov. By Mike Axisa. Nov 8, at am ET 3 min read. Getty Images.
See All Newsletters. Please check the opt-in box to acknowledge that you would like to subscribe. There was an error processing your subscription. Watch Now:. Any deals struck during the moratorium period are characterized as agreements, but do not count toward team salary and are not binding for the player or team. Either side can back out in this situation — a scenario that took place in when DeAndre Jordan reneged on his verbal agreement with the Dallas Mavericks to instead re-sign with the then-incumbent LA Clippers.
A team option grants the original team the right to keep a player for another year. If a player has a three-year contract with an option for the fourth season, that means if the option is exercised by the team in this example , the contract extends through the fourth season. If the option is not exercised by the team in this example , then the contract ends after the third season.
Conditional team options are not allowed, which means the option cannot be contingent on something like number of games played, team wins or scoring average. There can be only one option year except in the case of rookie-scale contracts. For rookie-scale contracts for first-round picks, those contain a team option before both the third and fourth seasons. A player option grants the player the power to decide whether to stay for another year or become an unrestricted free agent.
If a player has a three-year contract with an option for the fourth season, that means if the option is exercised by the player in this example , the contract extends through the fourth season.
If the option is not exercised by the player in this example , then the contract ends after the third season. Conditional player options are not allowed, which means the option cannot be contingent on something like number of games played, team wins or scoring average. An early termination option gives the player the right to end a signed contract. The option cannot be exercised before the end of the fourth year of an existing contract, which means the contract must be for five seasons.
If the player declines to exercise the option, he remains with the original team. If the option is exercised, he becomes an unrestricted free agent and is free to sign with any team. Early termination options are always held by the player in other words, there are never team early termination options. These exceptions allow teams to exceed the salary cap and are as follows:.
A contract signed using the Early Bird Exception must be for at least two seasons not including any option year. Contracts signed using this exception can be for up to four seasons. Additionally, this exception can be used to re-sign a free agent but not to acquire a player by assignment.
Contracts signed using this exception can be for up to three seasons and can be used to re-sign a free agent. However, it cannot be used to acquire a player by assignment. Note: There will be a new Rookie Salary Scale each season, which will be issued prior to the start of the Moratorium Period for that season and will reflect the increase or decrease in the Salary Cap from the prior year.
This Exception may also be used to acquire by assignment a player who was signed to a one-year or two-year minimum contract.
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