Players eligible for restricted free agency don’t become restricted free agents by default. In order to make a player a restricted free agent, a team must extend a qualifying offer to him. The qualifying offer, which is essentially just a one-year contract offer, varies in amount depending on a player’s service time and previous contract status. A qualifying offer is designed to give a player’s team the right of first refusal. Because the qualifying offer acts as the first formal contract offer a free agent receives, his team then receives the option to match any offer sheet the player signs with another club. You can read more about qualifying offers here.
Teams don’t always formally announce when they submit qualifying offers, which is the case with a number of players who have already been extended these offers by their respective clubs. The procedural moves listed below have been posted to the RealGM Transactions page, with more sure to follow in the next few days:
- Bradley Beal [Wizards] — $7,471,412
- Andre Drummond [Pistons] — $4,433,683
- Boban Marjanovic [Spurs] — $1,500,000
- Dwight Powell [Mavericks] — $1,180,431
Also receiving a qualifying offer is Magic center Dewayne Dedmon, with Orlando submitting the $1,215,696 required to make him a restricted free agent earlier today, per Josh Robbins of The Orlando Sentinel.