Renouncing Rights
Posted: Wed Jul 9, 2008 5:02 am
I'm not quite sure about the concept of renouncing rights but I think it's something like this:
Clips renounce the rights to Brand, meaning they can only offer him a 5 year deal like every other team but not the maximum of 6 years if they had retained the bird rights. What I don't understand is I read somewhere that they had to renounce the right to Brand and Maggete in order to offer Davis a lucrative deal. What I don't understand is why is necessary to renounce players rights in order to offer contracts to free agents.
Could someone please clarify the concept of renouncing rights and why it is necessary.
Clips renounce the rights to Brand, meaning they can only offer him a 5 year deal like every other team but not the maximum of 6 years if they had retained the bird rights. What I don't understand is I read somewhere that they had to renounce the right to Brand and Maggete in order to offer Davis a lucrative deal. What I don't understand is why is necessary to renounce players rights in order to offer contracts to free agents.
Could someone please clarify the concept of renouncing rights and why it is necessary.