Waivers (sports)
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Waivers (sports)
In North American sports contracts, waivers is a type of player transaction. A player under contract to a team is placed on "waivers" for a specified period of time; during this time other teams may submit a claim for that player's contract. Based on a priority system, the team with the highest priority earns either the right to negotiate with the player's current team, or in some cases, the right to assume the contract of that player from the current team. Each of the four major league sports has somewhat different procedures for handling waivers. The purpose of waivers is to prevent teams from colluding to exchange players outside of the normal trade rules, as well as to encourage parity by giving lower-ranked teams the right of first refusal to claim players who are no longer wanted by their former club. Major League Baseball Players may be placed on waivers at any time. Teams may claim any waived player during the first three days after being placed on waivers. If more t ...
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Major Professional Sports Leagues In The United States And Canada
The major professional sports leagues in the United States and Canada commonly refer to the highest men's professional competitions of team sports in those countries. The four leagues traditionally included in the definition are Major League Baseball (MLB), the National Basketball Association (NBA), the National Football League (NFL), and the National Hockey League (NHL). Other prominent leagues include Major League Soccer (MLS) and the Canadian Football League (CFL). MLB, NBA, NFL, and NHL are commonly referred to as the "Big Four." Each of these is the wealthiest professional club competition in its sport worldwide, and along with the English Premier League they make up the top five sports leagues by revenue in the world. In addition, the sports of these four leagues were all developed in their modern forms in North America, and all except American football have become popular internationally. Because the leagues enjoy a significant place in popular culture in the U.S. and C ...
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Trade (sports)
In professional sports within the United States and Canada, a trade is a sports league transaction between sports clubs involving the exchange of player rights from one team to another. Though player rights are the primary trading assets, draft picks and cash are other assets that may be supplemented to consummate a trade, either packaged alongside player rights to be transferred to another team, or as standalone assets in exchange for player rights and/or draft picks in return. Typically, trades are completed between two clubs, but there are instances where trades are consummated between three or more clubs. Trades only involve players who are under contract with their current teams; free agent players, whose contracts have expired, cannot be traded by their former teams, and are free to join a different team. In Major League Baseball, a player to be named later can be used to finalize the terms of a trade at a later date, but draft picks are not admissible as trading assets ( w ...
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Right Of First Refusal
Right of first refusal (ROFR or RFR) is a contractual right that gives its holder the option to enter a business transaction with the owner of something, according to specified terms, before the owner is entitled to enter into that transaction with a third party. A first refusal right must have at least three parties: the owner, the third party or buyer, and the option holder. In general, the owner must make the same offer to the option holder ''before'' making the offer to the buyer. The right of first refusal is similar in concept to a call option. An ROFR can cover almost any sort of asset, including real estate, personal property, a patent license, a screenplay, or an interest in a business. It might also cover business transactions that are not strictly assets, such as the right to enter a joint venture or distribution arrangement. In entertainment, a right of first refusal on a concept or a screenplay would give the holder the right to make that movie first while in real ...
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Free Agency
In professional sports, a free agent is a player who is eligible to sign with other clubs or franchises; i.e., not under contract to any specific team. The term is also used in reference to a player who is under contract at present but who is allowed to solicit offers from other teams. In some circumstances, the free agent's options are limited by league rules. Types Terms Unrestricted free agent Unrestricted free agents are players without a team. They have either been released from their club, had the term of their contract expire without a renewal, or were not chosen in a league's draft of amateur players. These people, generally speaking, are free to entertain offers from all other teams in the player's most recent league and elsewhere and to decide with whom to sign a contract. Players who have been bought out of league standard contracts may have restrictions within that league, such as not being able to sign with the buy-out club for a period of time in the NHL, b ...
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Free Agent
In professional sports, a free agent is a player who is eligible to sign with other clubs or franchises; i.e., not under contract to any specific team. The term is also used in reference to a player who is under contract at present but who is allowed to solicit offers from other teams. In some circumstances, the free agent's options are limited by league rules. Types Terms Unrestricted free agent Unrestricted free agents are players without a team. They have either been released from their club, had the term of their contract expire without a renewal, or were not chosen in a league's draft of amateur players. These people, generally speaking, are free to entertain offers from all other teams in the player's most recent league and elsewhere and to decide with whom to sign a contract. Players who have been bought out of league standard contracts may have restrictions within that league, such as not being able to sign with the buy-out club for a period of time in the NHL, b ...
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Eastern Time
The Eastern Time Zone (ET) is a time zone encompassing part or all of 23 states in the eastern part of the United States, parts of eastern Canada, the state of Quintana Roo in Mexico, Panama, Colombia, mainland Ecuador, Peru, and a small portion of westernmost Brazil in South America, along with certain Caribbean and Atlantic islands. Places that use: * Eastern Standard Time (EST), when observing standard time (autumn/winter), are five hours behind Coordinated Universal Time ( UTC−05:00). * Eastern Daylight Time (EDT), when observing daylight saving time (spring/summer), are four hours behind Coordinated Universal Time ( UTC−04:00). On the second Sunday in March, at 2:00 a.m. EST, clocks are advanced to 3:00 a.m. EDT leaving a one-hour "gap". On the first Sunday in November, at 2:00 a.m. EDT, clocks are moved back to 1:00 a.m. EST, thus "duplicating" one hour. Southern parts of the zone (Panama and the Caribbean) do not observe daylight saving time. ...
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National Rugby Championship
The National Rugby Championship, known as NRC, was an Australian rugby union competition. It was contested by eight teams, seven from Australia and one from Fiji. The tournament ran from 2014 until 2019 before being disbanded in 2020 following the change of the Australian rugby TV broadcasting deal from Fox Sports, who had funded the competition, to Stan Sport. The 2020 competition was cancelled due to the COVID-19 pandemic. Format The National Rugby Championship was usually held between late August and early November. A round-robin tournament was scheduled first where each team played all others once. The top four teams progressed to the championship playoffs consisting of two semi-final knockout matches and a grand final to determine the champion team and winner of the NRC Trophy, nicknamed 'The Toast Rack'. During the round-robin section of the tournament, teams would also play for the Horan-Little Shield, a challenge trophy put on the line by the holders when a challe ...
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Super Rugby
Super Rugby is a men's professional rugby union club competition involving teams from Australia, Fiji, New Zealand, and the Pacific Islands. It previously included teams from Argentina, Japan, and South Africa. Building on various Southern Hemisphere competitions dating back to the South Pacific Championship in 1986, with teams from a number of southern nations, the Super Rugby started as the Super 12 in the 1996 season with 12 teams from 3 countries: Australia, New Zealand, and South Africa. The Super 12 was established by SANZAR after the sport became professional in 1995. At its peak the tournament featured the top players from nations representing 16 of the 24 top-three finishes in the history of the Rugby World Cup. After the COVID-19 pandemic forced the competition to split into three, the reformed competition in 2021 and beyond will only include Oceanian clubs representing Australia, New Zealand and from the Pacific islands (specifically a Fijian team, and a New Zealand ...
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Terminology Used In Multiple Sports
Terminology is a group of specialized words and respective meanings in a particular field, and also the study of such terms and their use; the latter meaning is also known as terminology science. A ''term'' is a word, compound word, or multi-word expressions that in specific contexts is given specific meanings—these may deviate from the meanings the same words have in other contexts and in everyday language. Terminology is a discipline that studies, among other things, the development of such terms and their interrelationships within a specialized domain. Terminology differs from lexicography, as it involves the study of concepts, conceptual systems and their labels (''terms''), whereas lexicography studies words and their meanings. Terminology is a discipline that systematically studies the "labelling or designating of concepts" particular to one or more subject fields or domains of human activity. It does this through the research and analysis of terms in context for the p ...
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