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In professional association football, a free agent is either a player that has been released by a professional association football club and now is no longer affiliated with any league, or a player whose contract with his or her current club has expired and is thus free to join any other club under the terms of the Bosman ruling .
A restricted free agent ( RFA) is a type of free agent in the National Football League (NFL), National Hockey League (NHL), or National Basketball Association (NBA). Such players have special restrictions on the terms under which they can retain or change employment status with their athletic club teams.
Free agency. Free agents in the National Football League are divided into restricted free agents, who have three accrued seasons and whose current contract has expired, and unrestricted free agents, who have four or more accrued seasons and whose contract has expired.
In the National Football League (NFL), the franchise tag is a designation a team may apply to a player scheduled to become an unrestricted free agent. The tag binds the player to the team for one year if certain conditions are met.
A player who clears waivers and becomes a free agent is free to negotiate and sign a contract with any NFL club, and any NFL club is free to negotiate and sign a contract with such player. There is no penalty or restriction for signing a free agent who has cleared waivers.
A transfer window is the period during the year in which a football club can add players to their squad who were previously under contract with another club. Such a transfer is completed by registering the player into the new club through FIFA .
Trades only involve players who are under contract with their current teams; free agent players, whose contracts have expired, cannot be traded by their former teams, and are free to join a different team.
Transfer (association football) In professional football, a transfer is the action taken whenever a player under contract moves between clubs. It refers to the transferring of a player's registration from one association football club to another. In general, the players can only be transferred during a transfer window and according to the rules ...
A transition tag is a tool used by National Football League teams to retain unrestricted free agents. It guarantees the original club the right of first refusal to match any offer the player may make with another team.
Third-party ownership in association football. Third-Party Ownership (TPO) in association football is the ownership of a player's economic rights by third-party sources. The third-party—which can be an agent such as a football agent, an agency, such as a sports-management agency, a company, investors such as a hedge-fund, or a single investor ...