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Free agent. In professional sports, a free agent is a player or manager who is eligible to sign with other clubs or franchises; i.e., not under contract to any specific team. The term is also used in reference to a player who is under contract at present but who is allowed to solicit offers from other teams.
Free agency in MLB has existed since the 1972 Flood v.Kuhn Supreme Court case. One of the landmark decisions in the aftermath was the Messersmith/McNally Arbitration, also known as the Seitz Decision, which effectively destroyed the "reserve clause" in baseball.
Restricted free agent. A restricted free agent (RFA) is a type of free agent in the National Football League (NFL), National Hockey League (NHL), or National Basketball Association (NBA). Such players have special restrictions on the terms under which they can retain or change employment status with their athletic club teams.
Free agency technically began the day after the NBA Finals ended, as teams have been allowed to negotiate with their own free agents. Teams can negotiate with all players beginning at 5 p.m. CT ...
Though some feel that this year's free agent class is lacking in star power, what will make this offseason interesting is the exploding salary cap.
Agency is the capacity of an actor to act in a given environment. It is independent of the moral dimension, which is called moral agency. In sociology, an agent is an individual engaging with the social structure. Notably, though, the primacy of social structure vs. individual capacity with regard to persons' actions is debated within sociology ...
Free agent (business) In business, free agents are people who work independently for themselves, rather than for a single employer. [1] The term "free agent" is believed to have been coined by American writer Daniel H. Pink, author of a 1997 cover story in Fast Company titled “Free Agent Nation.”. [2] In 2001 Pink published a book with the ...
The sign-and-trade helps NBA teams capitalize on financial assets that they would otherwise lose—with nothing gained in return—if a player became a free agent. It is a factor in the departing player's increased salary and extended contract. It helps the team gaining the player, by enabling it to offer a better/more economically competitive ...