Re: Right of First Refusal

[CeltsSteve@aol.com]

In a message dated 98-08-11 15:37:16 EDT, josh_ozersky@yahoo.com wrote:

<<  The players recently proposed a three year rookie deal with the team
 getting the right of first refusal when it was up.  >>

Simply put, at the end of the 3rd year, rookies could still test the free
agent waters but the current club which holds that player's contract would
have the right to match another offer, and thus retain, their rookie free
agents. Think of it (right of 1st refusal) as more or less "restricted free
agency" under another title.