FO on the Uncapped Year

FO has a nice explanation of the restrictions on signing UFAs if 2010 is indeed uncapped.

The four clubs that make it to the Conference Championships in 2010 can sign the following three types of UFAs:

• Any UFA who became a free agent by virtue of their contract being terminated before its expiration
• Any of the club’s own UFAs
• A UFA to replace each UFA lost by the club

Regarding this one-for-one UFA replacement, the contracts signed by the UFA replacement player must fall within the following parameters:

• The first year salary must not exceed the first year salary contained in the new contract of the UFA lost by the team
• Salaries in the future years of the replacement UFA’s contract may not increase by more than 30 percent of the first year’s salary
• The contract cannot be renegotiated until one year after the signing date