Samk, on Jun 30 2009, 01:12 PM, said:
What does "Qualifying Offer" mean?
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Qualifying Offers
The current team must extend a "qualifying offer" to a restricted free agent to retain negotiating rights to that player.
Players who earned less than $660,000 in the previous season must be offered 110 percent of last season's salary. Players making up to $1 million must be offered 105 percent. Players making over $1 million must be offered 100 percent.
If the qualifying offer is not made, the player becomes an unrestricted free agent.
If the player rejects a qualifying offer, he remains a restricted free agent.
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Salary Arbitration
A team or player can file for salary arbitration as a mechanism to settle contract disputes.
A team can take a player to arbitration once in his career, and cannot ask for a salary reduction greater than 15 percent. Players can ask for salary arbitration as often as they want.

R.I.P Luc Bourdon-Never forgotten and forever a Canuck
Thank You for 20 years of greatness Trevor-#16