The Wolves extended a qualifying offer (the qualifying offer?) to free agent center Nikola Pekovic, thereby making him a restricted free agent and allowing the Wolves the option to match any offer he should receive from
silly, petty, and vindictive owners from Portland or their hapless, center-less, former-peer group desiring the mammoth Montenegran fill it.
The gist of this process is as follows… from the new collective bargaining agreement:
To summarize, a restricted free agent essentially has five options:
- He can accept his prior team’s qualifying offer, play for one season, and become a free agent again the following summer.
- He can accept his prior team’s maximum qualifying offer (if applicable, and if one has been submitted) and play under a long-term contract at the maximum salary.
- He can negotiate a new contract with his prior team that is independent of the qualifying offer or maximum qualifying offer.
- He can sign an offer sheet with another team through March 1, which his prior team is given the opportunity to match.
- If he doesn’t sign a qualifying offer, a contract, or an offer sheet for one year, his prior team can submit a new qualifying offer (or maximum qualifying offer), and the player becomes a restricted free agent again the following offseason.
Sooooooo…. glad that’s out of the way. Little housekeeping done before the big night. Nice one, Flip.