July 2, 2008

LeClerc Tendered Qualifying Offer by Sea Wolves

BILOXI, MS -- The Mississippi Sea Wolves announced on Wednesday that they have tendered qualifying offers to seven players, including former Yale defenseman Bill LeClerc. Per club policy, financial terms were not disclosed.

LeClerc spent the 2007-08 season with the Trenton Devils, compiling two goals and three assists in 58 contests.

Each team was entitled to reserve Rights to a maximum of eight (8) Qualified Players. Of these eight (8) Qualified Players, no more than four (4) of the Qualified Players shall be Veterans (260 regular season professional hockey games played as of the start of the upcoming 2008-09 season).
 
Players will have until August 1 to accept a qualifying offer.
 
Players on open Qualifying Offers can not be traded.
 
Teams were not required to protect players who signed a Standard Players Contract prior to July 1.
 
Teams are not allowed to sign more than 24 players to contracts during the summer.
 
Players that were not signed by July 1 or extended a qualifying offer by July 1 become unrestricted free agents.
 
A Member extending a valid Qualifying Offer to a Veteran retains the Rights to that Veteran until August 1. After August 1, if the Veteran is not signed to a Standard Player Contract by the Member, the Veteran shall be deemed a Restricted Free Agent and shall be entitled to seek and secure offers of employment from other Members. Restricted Free Agents may not be traded.
 
When a Restricted Free Agent receives an offer to sign a Standard Player Contract from an Offering Member other than the Member with Rights and the Restricted Free Agent desires to accept the Offer, the Restricted Free Agent and the Offering Member must, within 24 hours, deliver a completed Offer Sheet to the Member with Rights, the League Office and the PHPA. The Member with Rights shall then have seven (7) days after the date it receives the Offer Sheet to exercise its Right to Match. The Right to Match shall expire seven (7) days from the date the Offer Sheet was received but not counting the day of receipt.
 
If a Restricted Free Agent is not signed to either an Offer Sheet or a Standard Player Contract by a Member by August 31, he shall be deemed an Unrestricted Free Agent.