Quote:
Originally Posted by Trailer Fire
Can someone explain to me in stupid people terms what a qualifying offer entails exactly? What is the term? What is the Cap implications?
I saw Dougie Hamilton got a QO, but I'd like to know how that effects his contract or offer sheeting or anything like that.
|
Quote:
A player who is no longer considered to be entry-level, but does not qualify as an unrestricted free agent, becomes a restricted free agent when his contract expires. A player may only declare himself to be an unrestricted free agent if he is over the age of 27 or has played in the league for a minimum of 7 years.
Qualifying offers
The current team must extend a "qualifying offer" to a restricted free agent to retain negotiating rights to that player. Qualifying offers are for one year contracts. The minimum salary for the qualifying offer depends on the player's prior year salary.
Players who earned less than $660,000 in the previous season must be offered 110 percent of last season's salary. Players making up to $1 million must be offered 105 percent. Players making over $1 million must be offered 100 percent.
If the qualifying offer is not made, the player becomes an unrestricted free agent.
If the player rejects a qualifying offer, he remains a restricted free agent.
If the player does not sign before December 1, he is ineligible to play in the NHL for the remainder of the season.
|
https://en.wikipedia.org/wiki/Restri...lifying_offers
Basically you have to offer an RFA a contract that is equal to his current contract for someone like Hamilton. Dougie Hamilton was making $832k/year on his ELC so minimum QO is what? $870k?? He'll be looking to make a lot more now but the bare minimum required for the QO.