One or Two RFA's that are still pending.
THey will be placed on the holdout list in 3 hours.
Rules reminder
All players entering into RFA status, (below age 29 and expired contract), will have their contract renegotiated with the player agent assigned to him. If a stalemate is reached in negotiations, either the GM or the Agent can place the player as an RFA Holdout. The MAX length any player can stay on as a Holdout is 2 months from inception to completion. IF no agreement is reached with the player after the 2 month (60 day) period, the player is sent to Arbitration. A group of 2 Commissioners and a player agent not involved in the negotiations will take all the info and make a decision for that player. The decision can be for or against either party, or somewhere in between. Players on the Holdout list do NOT count against the Salary Cap. IF a player is sent to Arbitration BOTH the GM and the Agent will be charged a $500,000 fee for processing by the league.
Additionally a Holdout fee will be charged to BOTH the GM and the Agent for each week the player remains unsigned. $100,000 per week will be levied against both parties for the 1st Month and $150,000 per week will be levied for each week in Month two. This could mean that IF a player goes to Arbitration both Agent and GM "could lose $1,000,000 PLUS the Arbitration fee. It is in the best interest to sign the player.
The GM and Agent will be refunded 50% of levies if the player is resigned in the 1st month and 25% of all levies if the second month. If it goes to Arbitration no refunds will be provided.
Last edited by Mccree; 09-15-2006 at 11:27 AM.
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