The window for matching free agents has been cut down to three days and Russell's cap hold is 21 million. Their goal is to sign 2 max guys, they can't sign 2 max free agents and keep him, period.
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Free Agency Explained
Free Agency for the 2019-20 season begins at 6 p.m. ET on June 30
Jun 10, 2019 12:54 PM ET
Free agency for the 2019-20 season begins at 6 p.m. ET on June 30, 2019. This is six hours earlier than the previous start time of 12:01 a.m. ET on July 1.
Free Agency Terminology
- Restricted Free Agency
- Offer sheets
- Qualifying offers
- Unrestricted Free Agency
- Free Agency Moratorium
- Team Options
- Player Options
- Early Termination Options
- Salary Cap Exceptions
- Two-way Free Agents
Restricted Free Agency
A restricted free agent (RFA) can sign an offer sheet with any team, but the player's original team can retain him by matching the terms of that offer. The original team is said to have the "right of first refusal."
Restricted free agency exists in the following situations:
- Following the fourth year of rookie "scale" contracts for former first-round Draft picks.
- For all veteran free agents who have been in the NBA for three seasons or less. The exception to this rule is a first-round Draft pick following his second or third season if his team doesn't exercise its option to extend his rookie-scale contract for the following season. These players then become unrestricted free agents.
- A player coming off a two-way contract was on an NBA active or inactive roster for at least 15 days in the season beforehand.
- Accept his team's prior qualifying offer, play out the season and become a free agent the next summer.
- Accept his team's maximum qualifying offer (where applicable) and play under that long-term deal.
- Negotiate a new contract with his original team that is independent of the qualifying/max qualifying offer.
- Sign an offer sheet with another team through March 1, which his original team has an opportunity to match.
- Negotiate a sign-and-trade if he hasn't signed an offer sheet with another team.
- If there is no qualifying offer, contract or offer sheet signed for one year, the original team can submit a new qualifying offer and the player will be a restricted free agent the next summer.