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Do the rockets need to make a qualifying offer for Landry before July 1st?

Discussion in 'Houston Rockets: Game Action & Roster Moves' started by abc2007, Jun 28, 2008.

  1. abc2007

    abc2007 Member

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    So the rockets can match any offer from other teams.
     
  2. tinywang

    tinywang Contributing Member

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    yes rockets should!

    i think most people have forgotten how efficient and exciting this kid is. not to mention the hustle he puts out. "other teams are buzzing about him" for a reason ya know.

    anyone else remember that jazz playoff game where he won it for us.
     
  3. baller4life315

    baller4life315 Contributing Member

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    [​IMG]

    Nope, not at all. ;)
     
  4. mag

    mag Contributing Member

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    Why to hurry up. Let's wait and see if there is really interest from other teams.
     
  5. abc2007

    abc2007 Member

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    http://members.cox.net/lmcoon/salarycap.htm

    In order to make their free agent a restricted free agent, a team must submit a qualifying offer to the player by June 30. The amount of the qualifying offer for players on rookie "scale" contracts is based on the player's draft position. The qualifying offer for all other players must be for 125% of the player's previous salary, or the player's minimum salary plus $175,000, whichever is greater. The qualifying offer must be for one season. A player can elect to accept his qualifying offer (the qualifying offer must be accepted by March 1) and play the following season under its terms. This is sometimes done in order to become an unrestricted free agent the following summer.

    When another team wants to sign a restricted free agent, it signs the player to an offer sheet, the principal terms of which the original team is given seven days to match. The offer sheet must be for at least two seasons (not including option years). If the player's prior team also submitted a maximum qualifying offer, then the offer sheet must be for at least three seasons (not including option years). If the player's original team exercises its right of first refusal by matching the principal terms of the offer sheet, the player is then under contract to his original team. If the player's original team does not exercise its right of first refusal within seven days, the offer sheet becomes an official contract with the new team.
     

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