Post by Macho Man on Mar 1, 2021 18:28:20 GMT
I. NEW RULES
a. Existing PD’s in play at the end of the season will depreciate by 10% prior to league rollover (starting in 2022).
b. Teams may now trade during the RFAA. Tagged players however, cannot be traded, unless settled (see below).
c. Teams may now use “settled compensation” received during the RFAA to bid on other tagged players during the same ongoing RFAA. Settled compensation means that the auction for the tagged player has been closed AND the exchange of assets has been executed by the commissioner. Commissioner will execute the transaction as soon as possible but an exact timeframe cannot be guaranteed.
II. TAGS AND TENDERS
FRANCHISE TAG
• Can only be used on an expiring contract.
• A player can only be franchise tagged once in his career, even if he’s traded.
• Likewise, a player who has received the Franchise Tag can never be designated with any other tag, except for the trade tag, for the remainder of their careers.
• An “F” notation will be permanently assigned to franchise tagged players.
• Cost to tagging team will be based each year on 2% of the total existing PD’s after rollover.
• Franchise tagged players cannot be bid on during the RFAA.
• A player who has been assigned the franchise tag can be awarded a contract between 1 and 6 years.
EXTENSION TAG
• Can be used on expiring or existing contract
• Extends the player’s contract by 1 year.
• An “E” Notation will be applied to player awarded the extension tag.
• A player’s “E” notation will be removed only if the player is dropped or traded.
• A player with the “E” extension tag designation may not be assigned the Franchise Tag or the Extension Tag.
• Cost to tagging team will be based each year on 1% of the total existing PD’s after rollover.
• If a player who received the extension tag is traded prior to August 1st of the same season, the tagging team will receive a refund of 50% of the extension tag cost and the extension designation will be removed for the new team. The player still maintains his 1 year extension and may not receive an entirely new contract.
• Extension Tag players are not bid on during the RFAA.
TRANSITION TAG
• Can only be used on an expiring contract.
• Extends the player’s contract by 1 year.
• The transition tag cannot be used on the same player in back-to-back seasons.
• Tagging team does not participate in the bidding.
• Cost of Tag is 10 PD’s (non-refundable).
• Tagging team will have right of first refusal after bidding has concluded.
• If tagging team refuses to match the highest bid he will receive no PD compensation and is not refunded the cost of the transition tag.
TRADE TAG
• Can only be used on an expiring contract.
• Tagging team does not participate in the bidding
• Unlike other tags, bidding teams will present offers to the tagging team for the player. The bidding team can use PD’s, picks, or players, (so long as they are under contract with the team or were acquired during the RFAA as considered settled compensation as defined above) or any combination of the three.
• If only PD’s are used as compensation a minimum bid of $10 PDs must be used.
• The tagging team can opt to accept one of the offers at any time during or immediately following the conclusion of the RFAA, or alternatively chose to release the player outright and receive 10 PD’s. The settled compensation received from accepting an offer may be used in the ongoing RFAA as explained above and in accordance with the definition of “settled compensation.”
• Teams must receive at least one offer to qualify for the right to receive 10 PD’s. If no offer is made on the player, the player is automatically released.
• If the tagging team opts to accept an offer, there is no other cost besides the compensation that was offered.
2ND ROUND TENDER
• Can only be used on an expiring contract.
• The cost and the starting price for the 2nd round tender is 50 PD’s.
• The tendering team participates in the RFAA with any other bidder and has the right to match the highest offer during the RFAA (this is the same as it was before). To do this, the tendering team would simply reply “Match.”
• If a player receives no bid then the tendering team tags the player for 50 PD’s.
• The compensation for a 2nd round tender is a 2nd round pick. Teams must declare the compensation at the time of the bid. For example, “80 PD’s and 2.07” or “80 PD’s and my 2022 2nd round pick.” Keep in mind that teams that wish to trade future picks in the RFAA must pay into the future season in accordance with the league rules if they are not already paid up.
• Team’s that opt not to match a higher bid will receive 20% of the winning bid in PD’s.
• The team that wins the player may assign that player a new contract between 1 and 6 years.
3RD ROUND TENDER
• Can only be used on an expiring contract.
• The cost and the starting price for the 3rd round tender is 30 PD’s.
• The tendering team participates in the RFAA with any other bidder and has the right to match the highest offer during the RFAA (this is the same as it was before). To do this, the tendering team would simply reply “Match.”
• The tendering team does not need to start the bidding. If a player receives no bid then the tendering team tags the player for 30 PD’s.
• The compensation for a 3rd round tender is a 3rd round pick. Teams must declare the compensation at the time of the bid. For example, “50 PD’s and 3.07” or “50 PD’s and my 2022 3rd round pick.” Payment for trading future draft picks have been revamped and trading a 3rd round pick no longer automatically, in and of itself, requires future payment. See section R.2 for more information.
• Team’s that opt not to match a higher bid will receive 20% of the winning bid in PD’s.
4TH ROUND TENDER
• Can only be used on an expiring contract.
• The cost and the starting price for the 4th round tender is 20 PD’s.
• The tendering team participates in the RFAA with any other bidder and has the right to match the highest offer during the RFAA (this is the same as it was before). To do this, the tendering team would simply reply “Match.”
• The tendering team does not need to start the bidding. If a player receives no bid then the tendering team tags the player for 20 PD’s.
• The compensation for a 4th round tender is a 4th round pick. Teams must declare the compensation at the time of the bid. For example, “40 PD’s and 4.07” or “80 PD’s and my 2022 4th round pick.” Payment for trading future draft picks have been revamped and trading a 4th round pick no longer automatically, in and of itself, requires future payment. See section R.2 for more information.
• Team’s that opt not to match a higher bid will receive 20% of the winning bid in PD’s.
a. Existing PD’s in play at the end of the season will depreciate by 10% prior to league rollover (starting in 2022).
b. Teams may now trade during the RFAA. Tagged players however, cannot be traded, unless settled (see below).
c. Teams may now use “settled compensation” received during the RFAA to bid on other tagged players during the same ongoing RFAA. Settled compensation means that the auction for the tagged player has been closed AND the exchange of assets has been executed by the commissioner. Commissioner will execute the transaction as soon as possible but an exact timeframe cannot be guaranteed.
II. TAGS AND TENDERS
FRANCHISE TAG
• Can only be used on an expiring contract.
• A player can only be franchise tagged once in his career, even if he’s traded.
• Likewise, a player who has received the Franchise Tag can never be designated with any other tag, except for the trade tag, for the remainder of their careers.
• An “F” notation will be permanently assigned to franchise tagged players.
• Cost to tagging team will be based each year on 2% of the total existing PD’s after rollover.
• Franchise tagged players cannot be bid on during the RFAA.
• A player who has been assigned the franchise tag can be awarded a contract between 1 and 6 years.
EXTENSION TAG
• Can be used on expiring or existing contract
• Extends the player’s contract by 1 year.
• An “E” Notation will be applied to player awarded the extension tag.
• A player’s “E” notation will be removed only if the player is dropped or traded.
• A player with the “E” extension tag designation may not be assigned the Franchise Tag or the Extension Tag.
• Cost to tagging team will be based each year on 1% of the total existing PD’s after rollover.
• If a player who received the extension tag is traded prior to August 1st of the same season, the tagging team will receive a refund of 50% of the extension tag cost and the extension designation will be removed for the new team. The player still maintains his 1 year extension and may not receive an entirely new contract.
• Extension Tag players are not bid on during the RFAA.
TRANSITION TAG
• Can only be used on an expiring contract.
• Extends the player’s contract by 1 year.
• The transition tag cannot be used on the same player in back-to-back seasons.
• Tagging team does not participate in the bidding.
• Cost of Tag is 10 PD’s (non-refundable).
• Tagging team will have right of first refusal after bidding has concluded.
• If tagging team refuses to match the highest bid he will receive no PD compensation and is not refunded the cost of the transition tag.
TRADE TAG
• Can only be used on an expiring contract.
• Tagging team does not participate in the bidding
• Unlike other tags, bidding teams will present offers to the tagging team for the player. The bidding team can use PD’s, picks, or players, (so long as they are under contract with the team or were acquired during the RFAA as considered settled compensation as defined above) or any combination of the three.
• If only PD’s are used as compensation a minimum bid of $10 PDs must be used.
• The tagging team can opt to accept one of the offers at any time during or immediately following the conclusion of the RFAA, or alternatively chose to release the player outright and receive 10 PD’s. The settled compensation received from accepting an offer may be used in the ongoing RFAA as explained above and in accordance with the definition of “settled compensation.”
• Teams must receive at least one offer to qualify for the right to receive 10 PD’s. If no offer is made on the player, the player is automatically released.
• If the tagging team opts to accept an offer, there is no other cost besides the compensation that was offered.
2ND ROUND TENDER
• Can only be used on an expiring contract.
• The cost and the starting price for the 2nd round tender is 50 PD’s.
• The tendering team participates in the RFAA with any other bidder and has the right to match the highest offer during the RFAA (this is the same as it was before). To do this, the tendering team would simply reply “Match.”
• If a player receives no bid then the tendering team tags the player for 50 PD’s.
• The compensation for a 2nd round tender is a 2nd round pick. Teams must declare the compensation at the time of the bid. For example, “80 PD’s and 2.07” or “80 PD’s and my 2022 2nd round pick.” Keep in mind that teams that wish to trade future picks in the RFAA must pay into the future season in accordance with the league rules if they are not already paid up.
• Team’s that opt not to match a higher bid will receive 20% of the winning bid in PD’s.
• The team that wins the player may assign that player a new contract between 1 and 6 years.
3RD ROUND TENDER
• Can only be used on an expiring contract.
• The cost and the starting price for the 3rd round tender is 30 PD’s.
• The tendering team participates in the RFAA with any other bidder and has the right to match the highest offer during the RFAA (this is the same as it was before). To do this, the tendering team would simply reply “Match.”
• The tendering team does not need to start the bidding. If a player receives no bid then the tendering team tags the player for 30 PD’s.
• The compensation for a 3rd round tender is a 3rd round pick. Teams must declare the compensation at the time of the bid. For example, “50 PD’s and 3.07” or “50 PD’s and my 2022 3rd round pick.” Payment for trading future draft picks have been revamped and trading a 3rd round pick no longer automatically, in and of itself, requires future payment. See section R.2 for more information.
• Team’s that opt not to match a higher bid will receive 20% of the winning bid in PD’s.
4TH ROUND TENDER
• Can only be used on an expiring contract.
• The cost and the starting price for the 4th round tender is 20 PD’s.
• The tendering team participates in the RFAA with any other bidder and has the right to match the highest offer during the RFAA (this is the same as it was before). To do this, the tendering team would simply reply “Match.”
• The tendering team does not need to start the bidding. If a player receives no bid then the tendering team tags the player for 20 PD’s.
• The compensation for a 4th round tender is a 4th round pick. Teams must declare the compensation at the time of the bid. For example, “40 PD’s and 4.07” or “80 PD’s and my 2022 4th round pick.” Payment for trading future draft picks have been revamped and trading a 4th round pick no longer automatically, in and of itself, requires future payment. See section R.2 for more information.
• Team’s that opt not to match a higher bid will receive 20% of the winning bid in PD’s.