April 4th, 2008, 11:30 AM
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#64
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*****istrator
Join Date: Apr 2002
Location: Hamburg, NY
Posts: 17,782
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Re: 2008 RFA Commentary
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Originally Posted by Popes
In reading through the RFA rules yesterday, I found this nugget that I bet some people didn't know:
"Once the RFA Free Agent bidding opens on April 1, a team CANNOT withdraw it's tender without being assessed the 20% cap penalty."
What this means is that you can essentially "cut" your RFA - you withdraw the tender and take a 20% penalty (the standard cut penalty). I'm not sure if that's ever been done, but I wanted to point out that it's an option if you need to clear cap space during the RFA period.
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Pretty sure that has been done. That line is basically about making the tender's guaranteed.
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Last edited by Preds; April 4th, 2008 at 11:31 AM.
Reason: spelling
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