NFL free agency will open when the new league year begins at 4 p.m. Eastern time on Wednesday, March 15.
In an NFL offseason, free agency and the draft are the two main ways teams can try to improve their rosters for the upcoming season. Notably, teams must remain under the salary cap, which for 2023 is $224.8 million.Every year, hundreds of players whose contracts have expired hit the open market. Basically, teams try to pay as little as possible for the players they want, while the agents for those players try to find the best deal for their clients.
If an ERFA’s original team offers him a one-year deal at the league minimum, he cannot negotiate with any other team.Buckle up. If a player is a restricted free agent, the team for which he played the previous season can submit tenders that qualify his negotiations with other teams. There are five types of tenders — first round, second round, original round, right of first refusal and upgraded — and their amounts change every year.This year, the first round tender is worth $6.
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