JDLAW wrote:Boy, I am tired of explaining this to people. Agreed in principle is an agreement to sign the contract or offer sheet when the time for performance comes due. It is basic contract law. Part of a contractual agreement is the time for performance of the obligation. In this case the agreement is that you (team) will agree to tender me an offer sheet in the amount to $x and I will agree to sign it on the first day the league permits performance to go forward.
An executed offer sheet is a contingent contract that becomes effective if the offer sheet is not matched. Under the CBA you get 3 days to do this.
Boy am I glad I didnt study contract law. -_-