[Signing] Flames Qualifying Offers Updates

[Reggie Dunlop]

Lance Bouma receives qualifying offer

https://twitter.com/dcmahiban/status/615583998643970048

[K1LLswitch]

Good - hope he is signed soon!

[AC]

@RogMillions
Can confirm Micheal Ferland has received a QO from #Flames

[Reign of Fire]

The list is up on Flames website

[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.

[FlameOn]

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.

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.

[Trailer Fire]

Originally Posted by FlameOn

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.

So DH makes 105% on his ELC ($800k or so) for this next year? I take it we will be negotiating his big/bridge contract during or after next season. Can someone given a QO get hit with an offersheet?

[Geeoff]

Originally Posted by Trailer Fire

So DH makes 105% on his ELC ($800k or so) for this next year? I take it we will be negotiating his big/bridge contract during or after next season. Can someone given a QO get hit with an offersheet?

No. Hamilton won't sign his offer sheet. It just means he stays an RFA instead of becoming a UFA.

[FlameOn]

Originally Posted by Trailer Fire

So DH makes 105% on his ELC ($800k or so) for this next year? I take it we will be negotiating his big/bridge contract during or after next season. Can someone given a QO get hit with an offersheet?

Rumor was Hamilton was not looking for a bridge contract to get him to 27 but wanted something that would get him well into UFA status. So he's looking for 5+ years then since he is 22 right now no?

If he doesn't sign a QO, he plays as a restricted free agent until Dec 1st at his 832k contract. Teams are free to negotiate with the RFA until the Dec 1st deadline. After Dec 1st if he doesn't sign, he sits the rest of the season but more than likely it goes to arbitration before then if no team puts of an offer sheet to him in the meantime.

So I'm guessing somewhere in the neighbourhood of 5-7 million on a 6-7 year contract. Which is close to what the Bruins were trying to offer but probably not at the term length Hamilton was looking for.

[sureLoss]

Originally Posted by Trailer Fire

So DH makes 105% on his ELC ($800k or so) for this next year? I take it we will be negotiating his big/bridge contract during or after next season. Can someone given a QO get hit with an offersheet?

You are a little confused.

A qualifying offer is defined by the CBA as the minimum offer a team must make to retain an RFAs rights.

If a team doesn't give a qualifying offer to an RFA by the deadline, the RFA becomes an UFA.

If the team does give a qualifying offer to a player, the player has two options.

1. Player accepts the qualifying offer. This means the player is signed to the $ and term of the QO.

2. Player rejects the qualifying offer. The player is unsigned, however the team retains him as a RFA and can continue to negotiate a contract. The team also retains the right to match an offer sheet or receive compensation (if the player is eligible for an offer sheet)


Option 2 will likely be the case of all 12 players the Flames have announced today, and the Flames will have to negotiate new contracts with all of them.

The QO to Hamilton was rejected, but it prevented him from becoming an UFA. That is pretty much it, he won't accept the offer because he can make so much more. Flames still have to negotiate a contract with him.

[pgsieve]

Acolatse! Oh no!

[Trailer Fire]

Ahhh I see now. Thanks guys.

[darthma]

Originally Posted by Reign of Fire

The list is up on Flames website

and... for the lazy... http://flames.nhl.com/club/news.htm?id=772897

[GGG]

No Hanowski.

Not suprising though