Any player that has played 2 consecutive seasons on the same contract (either for the same team or, if traded, playing out the second season of a contract) is eligible to be resigned by the team that holds that players rights for a discount over two seasons. Bird Rights contract offers are a MATCH of the highest bid offered on a free agent, with a 15% discount. Bird Rights contract offers are not eligible to be used to make offers that would price other teams out of making contract offers on that free agent
Offer 1 – non-Bird Rights high bid – 2 seasons @ $10 and $13
Offer 2 – Bird Rights Match – 2 seasons @ $8.5 and $10.5
This allows the free agent to always choose which offer he wants to accept. Teams with a player’s Bird Rights cannot offer a discounted contract worth more than the maximum amount offered by a team that doesn’t have his Bird Rights.
A captain can rescind their Bird Rights on a player if they wish to try and price out other offers by offering $1.1 more than another player can. Once a captain has rescinded a player’s Bird Rights they cannot be reclaimed that off-season.
BIRD RIGHTS EXTENSION
Each offseason, prior to the start of the Rookie Auction Draft, captains have the option of offering a 3rd season Bird Rights Extension (BRE) to their Bird Rights Free Agents (BRFA) for 1 season at 115% of the salary of the most recently completed season.
Players have the option of accepting or declining a BRE.
Players that accept a BRE do not head into free agency and captains do not retain a players Bird Rights in the season following the Extension. The season after the Extension, players are Free Agents
Players that decline the BRE are free agency. Captains are still able to sign the free agent using the Bird Rights Match Discount (85% of highest bid) and can resign a player to a 2 season contract (once again retaining that player’s Bird Rights at the end of the contract).
Bird Rights Extension must be offered and accepted prior to the Rookie Auction Draft each season. Once the RAD has begun captains are no longer able to offer a BRE to their Bird Rights Free Agents