What is a Restricted Free Agent?

Restricted free agents are players who have completed three accrued seasons of service and whose contract has expired. This player has received a qualifying offer from his old club and is free to negotiate with any club until April 13, at which time his rights revert to his original club. If a player accepts an offer from a new club, the old club will have the right to match the offer and retain the player. If the old club elects not to match the offer, it may receive draft-choice compensation, depending on the level of the qualifying offer made to the player.

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