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A closed mouth doesn’t get fed. An agent can’t get something for a client if he or she doesn’t ask for it. Asking is the easy part. The hard part can be getting an asking or target price, especially when a player doesn’t have a lot of suitors.
Agents and NFL teams may have already gotten a sense of the 2024 free agent market. Meetings between agents of impending free agents and teams routinely occur at the NFL Combine, which ended on March 4. These types of discussions technically aren’t permitted by NFL rules. Teams are rarely penalized for tampering with players from other teams when those players are scheduled to become free agents.
The exclusive negotiating rights teams have had with their impending free agents end on March 11. That’s when NFL teams are allowed to negotiate with the agents of prospective unrestricted free agents during a two-day period, beginning March 11 at noon ET and ending at 3:59:59 p.m. ET on March 13. Prospective UFAs who don’t have an agent can also negotiate with front-office executives of teams. Players can’t sign deals with new clubs until the 2024 league year and free agency officially begin at 4 p.m. ET. A player’s ability to re-sign with his current club is allowed during the period.
NFL teams and players recently got some unexpected good news. The 2024 salary cap has been set at $255.4 million. Initial projections in December put the 2024 salary cap in the $240 million-to-$245 million range. The $30.6 million increase from 2023’s $224.8 million salary cap is unprecedented.
It’s become a fairly common practice for agents to adjust existing contracts for salary cap inflation from signing when preparing for negotiations on behalf of clients, particularly if there is a fairly significant jump in the salary cap like with this year’s 13.61% increase. How persuasive this approach is with NFL teams varies. When I was representing players, I found that…
Source link : https://www.cbssports.com/nfl/news/agents-take-breaking-down-target-prices-for-10-intriguing-offensive-players-with-expiring-contracts/
Author : Joel Corry
Publish date : 2024-03-06 20:33:25
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