FREE AGENT TERMINOLOGY
FREE AGENT: a free agent refers to a player who is not under any contract with a specific team and eligible to sign with any club or franchise.
FREE AGENCY: There are two types of free agency under the NBA’s Collective Bargaining Agreement i.e. Unrestricted and Restricted.
UNRESTRICTED FREE AGENT (UFA) : An unrestricted free agent is a player without a team and he is free to sign with any team. Unrestricted free agents are free players whose contract has been expired and they are ready to sign a contract with new team. An unrestricted free agent has the following options on their existing contracts:
Player option (*) – under this the free agent player has the power either to stay in the existing team or become a completely unrestricted free agent.
Team option (**) – under this the original team has the right to keep that player for another year.
Early termination option (***) – under this the unrestricted player has the option to end the existing contract. But this will not be empowered in the last year of the contract i.e. the fourth year.
UNRESTRICTED CLEVELAND CAVALIERS FREE AGENT 2016:
J.R. Smith (*)
Mo Williams (*)
UNRESTRICTED CLEVELAND CAVALIERS FREE AGENT 2017:
RESTRICTED FREE AGENT (RFA): A restricted free agent is a player who can involve in a new contract made by the new team, but the player’s existing team has the right of refusal to retain him by matching the terms of the offered contract.
A draft pick(s) has been ordered by the original team of the restricted free agent as compensation for losing the player.
RESTRICTED CLEVELAND CAVALIERS FREE AGENT 2016:
Jordan McRae (**)
RESTRICTED CLEVELAND CAVALIERS FREE AGENT 2017: