Post by Panthers GM (Jesse) on Mar 23, 2023 10:39:19 GMT -5
Under this proposal, UDFA would follow a new bidding structure. Once the 5th round ends, UDFA bidding would open up. Any draft eligible player signed during the UDFA signing period would be assigned a minimum rookie deal, 3 years, 0.33M w/RFA.
Instead of offering increased contract terms to UDFAs, bidding would be in the form of a "signing bonus" bid. If nobody else wants a UDFA, the original bidding team would sign him to the 0.33M contract. If another team wants the player, they would bid in 0.1M increments that would be paid in the form of a 1 year, nontransferrable cap hit. For example:
Panthers would like to offer a rookie contract to RB Jaylen Warren
Bills bid 0.5M signing bonus
Rams bid 1M
Panthers bid 1.1M
Bills bid 1.5M
The Bills have won RB Jaylen Warren. A 1.5M 2023 Cap Hit has been applied and Warren has been signed at 3 years, 0.33M w/RFA
This rule would go into effect this offseason, and be applicable to 2023 UDFAs
Instead of offering increased contract terms to UDFAs, bidding would be in the form of a "signing bonus" bid. If nobody else wants a UDFA, the original bidding team would sign him to the 0.33M contract. If another team wants the player, they would bid in 0.1M increments that would be paid in the form of a 1 year, nontransferrable cap hit. For example:
Panthers would like to offer a rookie contract to RB Jaylen Warren
Bills bid 0.5M signing bonus
Rams bid 1M
Panthers bid 1.1M
Bills bid 1.5M
The Bills have won RB Jaylen Warren. A 1.5M 2023 Cap Hit has been applied and Warren has been signed at 3 years, 0.33M w/RFA
This rule would go into effect this offseason, and be applicable to 2023 UDFAs
