Common use of Restricted Free Agency Clause in Contracts

Restricted Free Agency. (a) If a Restricted Free Agent does not sign an Offer Sheet (as defined below) with any Team by the July 1 of the WNBA Season for which the Restricted Qualifying Offer is made, and does not sign a Player Contract with the ROFR Team before that Season ends, then her ROFR Team may reassert its Right of First Refusal for the following WNBA Season by extending another Restricted Qualifying Offer (with the same terms, including the amount of Salary that was included in the prior Restricted Qualifying Offer, subject to the Minimum Player Salary) by the next January 14. A ROFR Team may continue to reassert its Right of First Refusal by following the foregoing procedure in each subsequent year in which that Restricted Free Agent does not sign an Offer Sheet with any Team by the July 1 of the WNBA Season for which the Restricted Qualifying Offer is made, and does not sign a Player Contract with the ROFR Team before that Season ends. Any such Restricted Qualifying Offer shall be governed by the provisions of Section 5 above.

Appears in 4 contracts

Samples: wnbpa-uploads.s3.amazonaws.com, wnbpa.com, pennstatelaw.psu.edu

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.