Skip to main content
Summer League 2014
Main content
NBA news

Free Agency Explained

Posted May 7, 2013 11:53 AM

<< Back to Free Agent Tracker

Free Agent Tracker Key:

Free agency for the 2013-14 season begins at 12:01 a.m. ET on July 1, 2013.

UFA Unrestricted free agent

RFA Restricted free agent

* Player option

** Team option

*** Early termination option

Free Agency Terminology

Unrestricted free agent
An unrestricted free agent (UFA) is free to sign with any team, though some unrestricted free agents have options on their existing contracts that, if exercised, may impact their choices.

Team Option
A team option grants the original team the right to keep a player for another year.

Player Option
A player option grants the player the power to decide whether to stay for another year or become a completely unrestricted free agent.

(In either case, if the option is refused, the player is completely unrestricted, free to sign with any team.)

Early Termination Option
An early termination option gives the player the right to end a signed contract. The option cannot be exercised before the end of the fourth year of an existing contract. If the player declines to exercise the option, he remains with the original team. If the option is exercised, he is free to sign with any team.

Restricted free agent
A restricted free agent can sign an offer sheet with any team, but the player's original team can retain him by matching the terms of that offer. The original team is said to have the "right of first refusal."

<< Back to Free Agent Tracker

photoDunk of the Night - Eric Griffin
The Mavericks' Eric Griffin slashes and elevates for the monster facial.
photoStarters: Bosh back to Miami, Wade too?
The Starters talk about what the future holds for the Miami Heat with Chris Bosh back in the saddle.
photoStarters: LeBron Back to Cleveland
The guys discuss LeBron James' return to the Cavs, and what it means for Cleveland and the NBA landscape.
photoTop 10: July 11
Count down the top ten plays from Friday night's action from the 2014 Summer League games.
photoDaily Zap: July 11
Get the quick recap from Friday's action of the 2014 Summer League games.