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Flyers, Giroux talk contract extension

According to TSN.com, the Philadelphia Flyers have begun preliminary discussions with Claude Giroux in order to extend his contract. Details are slim, but we know that currently the Flyers are over the salary cap as of right now.  As well as the fact that the team has just acquired defenseman Mark Streit from the New York Islanders.  Streit will also need a new contract, further pushing the issue of the salary cap. Giroux has one year remaining on his current contract and is scheduled to become a restricted free agent after the 2013-14 season.  He is set to make $3,750,000 …

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CBA 101: Everything Shea Weber

With #WeberWatch in full effect, I thought I would try something different with this week’s CBA 101 article. The signing of Shea Weber to an offer sheet has brought a few lesser known aspects of restricted free agency to the forefront. I thought I would use this as an opportunity to touch on them. The first concept I’d like to discuss is regarding Weber’s restricted free agent compensation. When the offer sheet was first signed there was quite a bit of confusion as to what the compensation would actually be. Many people thought that it would be two first rounders, …

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CBA 101 Part 9: Restricted Free Agent Compensation

As the name suggests, restricted free agency is a type of free agency in which the player has the ability to entertain offers from other clubs; but there are certain restrictions in place. The “Prior Team” who owned the player’s rights throughout the previous season, maintains those rights and can retain that player if they so choose. The first step in maintaining those rights is to present a qualifying offer to the restricted free agent, which would grant the team what is known as the “Right of First Refusal”. If the restricted free agent were to sign an “offer sheet” …