Re: What happens to Free Agents after 4 PM today?
posted at 3/4/2013 10:27 AM EST
This should help clarify:
March 9-11 -- Clubs are permitted to enter into contract negotiations with certified agents of players who will be Unrestricted Free Agents at the end of the current League Year.
March 12 -- Prior to 4:00 p.m., New York time, clubs must exercise options for 2013 on all players who have option clauses in their 2012 contracts.
March 12 -- Prior to 4:00 p.m., New York time, clubs must submit Qualifying Offers to their Restricted Free Agents with expiring contracts and to whom they desire to retain a Right of First Refusal/Compensation.
March 12 -- Prior to 4:00 p.m., New York time, clubs must submit a minimum salary offer to retain exclusive negotiating rights to their players with expiring 2012 contracts and who have fewer than three seasons of free agency credit.
March 12 -- All 2012 player contracts will expire at 4:00 p.m., New York time.
March 12 -- Top-51 Begins. All clubs must be under the Salary Cap prior to 4:00 p.m., New York time.
March 12 -- The 2013 League Year and Free Agency period begin at 4:00 p.m., New York time.
March 12 -- Trading period begins at 4:00 p.m., New York time, for 2013 after expiration of all 2012 contracts.