Tuesday, July 17, 2007

When do qualifying offers expire?

Hi James -

I didn't know the answer to this question, and you are probably the one who knew the answer.

When does a Restricted Free Agent need to sign his offer before it expires? For instance, in the case of Keith Ballard, he was offered a contract on July 1st. I assume that there might be a specific deadline whereby he needs to accept the deal?

Part of me thinks he has until the beginning of training camp, but there is another part of me that says he doesn't have that long.

Of course, the answer could be "it depends on the club and the player", but I was just curious and I figured you would know.
All qualifying offers expired on Sunday (July 15) at 5 p.m. EDT., but Ballard's a Coyote, regardless of what happens. As long as he's been qualified, even if he doesn't agree to the deal, he doesn't receive unrestricted status and has to negotiate a contract with Phoenix.

Why did the deadline pass without a deal? Well, Ballard's qualifying offer was for $950,000, and given he was one of the mainstays on the Coyotes' blueline, he and his agent feel he's worth more than what was pretty close to what his entry-level deal paid.

Expect Ballard's side to use Kevin Bieksa's recent three-year, $11.25-million deal as a comparable, given they are the same age and experience level.


At 2:28 PM, July 17, 2007, Blogger PPP said...

Will Ballard also get the Luongo bump in his contract?

At 3:23 PM, July 17, 2007, Blogger saskhab said...

There have been a flurry of signings announced over the past couple of days, obviously a backlog from that July 15 deadline at the NHL central registry.

At 10:50 PM, July 18, 2007, Blogger Kel said...

Bieska's new contract doesn't become effective until the 08/09 season. His 07/08 salary is $550K. For cap purposes, the $11.25M, 3-year contract (average $3.75M per season) is totally separate from his current one. From the player's point of view, he has agreed to an extension that would guarantees him $11.8M for the next four seasons, an average of $2.95M per season.

I hope Bieksa proves me wrong, but I tend to think that hard-nosed, tough, physical defensemen are often overrated. Bieksa has a lot of room for improvement in areas that's not related to physical strength, such as positioning and decision-making


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