100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
NFL Agency Exam Practice Exam Questions + Basics of the NFL Player Contract System Exam Q’s and A’s £10.20   Add to cart

Exam (elaborations)

NFL Agency Exam Practice Exam Questions + Basics of the NFL Player Contract System Exam Q’s and A’s

 1 view  0 purchase

NFL Agency Exam Practice Exam Questions + Basics of the NFL Player Contract System Exam Q’s and A’s

Preview 3 out of 19  pages

  • June 7, 2024
  • 19
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers
All documents for this subject (1)
avatar-seller
Victorious23
NFL Agency Exam Practice Exam
Questions + Basics of the NFL Player
Contract System Exam Q’s and A’s
ACCRUED SEASON - -A player receives an Accrued Season when they are on
Full-Pay status for 6 or more regular season games.

***This excludes games on the Practice Squad, Physically Unable to Perform-
Non-Football Injury List (PUP-NFI), and/or Exempt Commissioner Permission
List.

-CREDITED SEASON - -Used for Player Benefits. A player receives a CS any
season in which he appears on the A/I, IR or PUP list for his Club. He also
receives a CS if he is released injured and paid the equivalent of at least 3
game checks.

-RD 1 PICK - -4-YEAR W/5TH YEAR OPTION

-RD 2-7 PICK - -4-YEAR CONTRACT

-UDFA - -3-YEAR CONTRACT

-5th-Year Option for 1st-Round Draft Picks (Qualifiers for 1st 3 Years)

No Pro Bowls & <75% participation; or Cumulative avg of 75% participation:
or participate in a cumulative 50% of plays in each of the 3 years - -Option
Compensation
Transition Tender (3rd-25th highest salaries at same position)

-5th-Year Option for 1st-Round Draft Picks (Qualifiers for 1st 3 Years)

No Pro Bowls, min. 75% participation; or Cumulative avg of 75%
participation: or participate in a cumulative 75% of plays in each of the 3
years - -Option Compensation
Transition Tender (3rd-20th highest salaries at same position)

-5th-Year Option for 1st-Round Draft Picks (Qualifiers for 1st 3 Years)

One (1) Pro Bowl (on original ballot) - -Option Compensation
Transition Tender

-5th-Year Option for 1st-Round Draft Picks (Qualifiers for 1st 3 Years)

,Two (2) or more Pro Bowls (on original ballot) - -Option Compensation
Franchise Tender

-Rookie Contract Deadline - -Tuesday after Week 10 of the regular season.
Of course, as a matter of practicality, the majority of players sign prior to the
start of camp.

-5th-Year Option for 1st-Round Draft Picks - -Rookies drafted in the 1st-
round sign mandatory 4-year contracts just like other draft picks, but their
contracts contain a 5th year Option clause the other rounds do not have.
- These Option years are exercised by the Club, not the player.
- Clubs must exercise the Option at the end of a player's 3rd season.
- The Year 5 Compensation changed in 2018, and is now based on certain
qualifying criteria during the first 3 years of the contract.
- These 5th year salaries become guaranteed skill, injury and Salary Cap-
related termination, effective when the Club exercises the option

-EXCLUSIVE RIGHTS FREE AGENT - -0, 1, 2 ACCRUED SEASONS

-RESTRICTED FREE AGENT - -3 ACCRUED SEASONS

-UNRESTRICTED FREE AGENT - -4 ACCRUED SEASONS

-EXCLUSIVE RIGHTS FREE AGENT Minimum Tenders - -Minimum Tenders
Minimum tenders for ERFA players are due by the 1st day of the League Year
(Mid March). The tender offer gives exclusive rights to the offering Club, and
must be at least the minimum applicable salary. The deadline to sign the
tender offer is the Tuesday after week 10 of the regular season. There are no
"splits" on tender offers for ERFA players.

-RESTRICTED FREE AGENT (Qualifying Offers) - -Qualifying offers are due by
the 1st day of the League Year. A player has 35 days to shop around after
receiving a qualifying offer. The offering Club has Right of First Refusal
(ROFR) on an offer made to the player by another Club.

-RESTRICTED FREE AGENT (Qualifying Offers) ROFR - -2020 SALARY
EXAMPLE - $2.025 million

-RESTRICTED FREE AGENT (Qualifying Offers) ROFR & original draft round - -
2020 SALARY EXAMPLE - $2.025 million or 110% of previous year's salary

-RESTRICTED FREE AGENT (Qualifying Offers) ROFR & 2nd round - -2020
SALARY EXAMPLE - $3.095 million or 110% of previous year's salary

-RESTRICTED FREE AGENT (Qualifying Offers) ROFR & 1st round - -2020
SALARY EXAMPLE - $4.407 million or 110% of previous year's salary

, -UNRESTRICTED FREE AGENT TENDER - -The tender deadline for UFA
players are due by June 1st. A Club can offer 110% of the previous year's
salary. This usually does not happen.

-Franchise Player Tag (Designation Period) - -A Club may designate a
Franchise Player from the 22nd to the 8th day prior to the start of the League
Year. It may be more easily described as the 14 day period ending 8 days
before the start of the League Year

-Franchise Player Tag (COMPENSATION Period) - -The Franchise Tag entitles
the player to a salary that is equal to (stay with me) "the average of the top
5 salaries at the player's position averaged over 5 years as a percentage of
the cap, or 120% of the player's previous year's salary, whichever is
greater".

For the exam, you need to know and understand the definition, but you will
not be calculating the actual number.

The original intent of the Franchise designation was to encourage long-term
deals. After a player is designated, if a long-term deal is signed by July 15th
(4:00pm EST), the Tag then becomes available for the Club to use on another
player the following year. After July 15th, the player may only sign a 1-year
deal.

-Multiple Franchise Player Designations - -If a player is tagged a 2nd time in
his career, the same rules apply to his compensation.

If a player is tagged a 3rd time in his career: - Salary will be the greater of
the average of the top 5 salaries, regardless of position (usually will be QB's),
or 144% of the player's previous year salary.

-Waiver System (Players with less than 3 Credited Seasons) - -Players with
less than 3 credited seasons are always subject to the waiver system.

In-season, there is a 24-hour period in which a Club may submit a claim for a
player and priority is based on team standings from the previous year (order
of draft). It is important to note that a players contract is not actually
terminated until he clears waivers.

-WAIVER SYSTEM (Players with 4 or more Credited Seasons) - -Players with
4 or more credited seasons are only held to the waiver system until after the
trade deadline (the Tuesday after week 8 of the regular season).

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller Victorious23. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for £10.20. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

79223 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy revision notes and other study material for 14 years now

Start selling
£10.20
  • (0)
  Add to cart