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5 things you need to do to prepare for Free Agency

Here are the best NFL free agents for 2015, according to NFL.com

Free agency is set to begin at 4 p.m. ET on Tuesday, March 10, officially marking the start of the new NFL year. News will be flowing rapidly in the coming days and weeks across the league, including from Giants headquarters at the Quest Diagnostics Training Center.

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To get you ready, here are five things to know and do before the start of free agency:

1. Bookmark Giants.com

This will be your one-stop shop for free-agency coverage, Giants or otherwise. We've laid out NFL.com's top 100 free agents by position and will update any news as the ink dries on players' contracts.

You will also find highlights and photos of free agents as well as track where the Giants are heading in 2015. Meanwhile, don't forget to launch the official Giants app and follow us on Twitter, Instagram, and Facebook.

2. Get to know the best free agents out there.

Led by Detroit Lions defensive tackle Ndamukong Suh, NFL.com sorted through this year's pool of free agents and ranked the top 100 players set to hit the market. Also included in the top five were safety Devin McCourty, tight end Julius Thomas, wide receiver Randall Cobb and running back DeMarco Murray.

Here are the best NFL free agents for 2015, according to NFL.com

3. Find out what offseason moves the Giants have made so far.

Building the 2015 roster doesn't begin and end on March 10. It's an ongoing process that already includes a couple key moves, including the Giants placing the franchise tag on defensive end Jason Pierre-Paul. The team also released J.D. Walton, who started all 16 games at center in 2014, and veteran defensive end Mathias Kiwanuka.

Prior to those moves, the Giants re-signed wide receiver Kevin Ogletree and offensive lineman Dallas Reynolds in addition to adding CFL star center Brett Jones. For a complete look at roster moves, CLICK HERE

4. Know the rules.
 
The new league year does not officially begin until Tuesday at 4 p.m. ET, but from March 7-10, clubs are permitted to contact and enter into negotiations with agents of unrestricted free agents upon the expiration of their 2014 contracts at noon on March 10. However, a contract cannot be executed with a new club until 4 p.m. on March 10.

Also on March 10, clubs must exercise options for 2015 on all players who have option clauses in their 2014 contracts as well as submit qualifying offers to their restricted free agents with expiring contracts and to whom they desire to retain a right of first refusal/compensation.

Find out where the Giants 2015 free agents have signed

5. Familiarize yourself with the upcoming draft.

What isn't addressed in free agency is often accomplished in the draft, and vice versa. The 2015 NFL Draft begins April 30 in Chicago, where the Giants hold the ninth overall pick. Track the latest mock drafts from the biggest names in the business, and read up on the top players by position as well as NFL.com's overall top 50 prospects.

2015 NFL FREE AGENCY QUESTIONS & ANSWERS

SALARY CAP SET AT $143,280,000

Q.  When does the 2015 free agency signing period begin?

A.  At 4:00 p.m. ET on Tuesday, March 10. *     *

Q.  What are the categories of free agency?

A.  Players are either "Restricted Free Agents" or "Unrestricted Free Agents."  A Restricted Free Agent may be subject to a "qualifying offer."  A Restricted or Unrestricted Free Agent may be designated by his prior club as its Franchise Player or Transition Player.

Q.  What is the time period for free agency signings this year?

A.  For Restricted Free Agents, from March 10 to April 24.  For Unrestricted Free Agents who have received the June 1 tender from their prior club, from March 10 to July 22 (or the first scheduled day of the first NFL training camp, whichever is later).  For Franchise Players, from March 10 until the Tuesday following the 10th week of the regular season, November 17.  For Transition Players, from March 10 until July 22.  If the above-listed players do not sign by November 17, they must sit out the season. 

Q.  What is the difference between a Restricted Free Agent and an Unrestricted Free Agent?

A*.  *In the 2015 League Year, players with three accrued seasons become Restricted Free Agents when their contracts expire at the conclusion of the 2014 League Year.  Unrestricted Free Agents have completed four or more accrued seasons.  An Unrestricted Free Agent is free to sign with any club with no draft choice compensation owed to his old club.

Q.  What constitutes an "Accrued Season"?

A.  Six or more regular-season games on a club's active/inactive, reserved/injured or reserve/physically unable to perform lists.

*Q.  What could restrict the ability of a Restricted Free Agent to sign with a new club? *

A.  If he has received a "qualifying offer" (a salary tender predetermined by the Collective Bargaining Agreement between the league and its players) from his old club.  He can negotiate with any club through April 24.  If the Restricted Free Agent signs an offer sheet with a new club, his old club can match the offer and retain him because the qualifying offer entitles it to a "right of first refusal" on any offer sheet the player signs.  If the old club does not match the offer, it may receive draft choice compensation depending on the amount of its qualifying offer.  If an offer sheet is not executed on or before April 24, the player's negotiating rights revert exclusively to his old club.  In addition, a player who would otherwise be a Restricted Free Agent may be designated by his old club as its Franchise Player or Transition Player. No Restricted Free Agents were designated as Franchise or Transition players this year.

Q.  What determines an Unrestricted Free Agent?

A.  A player with four or more accrued seasons whose contract has expired.  He is free to sign with any club, with no draft choice compensation owed to his old club, through July 22 (or the first scheduled day of the first NFL training camp, whichever is later).  At that point, his negotiating rights revert exclusively to his old club if by June 1 the old club tendered the player a one-year contract for 110 percent of his prior year's salary.  His old club then has until the Tuesday following the 10th week of the regular season (November 17) to sign him.  If he does not sign by that date, he must sit out the season.  If no tender is offered by June 1, the player can be signed by any club at any time throughout the season. 

Q.  What determines a Franchise Player?

A.  The salary offer by a player's club determines what type of franchise player he is: exclusive or non-exclusive. 

An "exclusive" Franchise Player – not free to sign with another club – is offered the greater of (i) the average of the top five salaries at the player's position for the current year as of the end of the restricted free agent signing period on April 24; or (ii) the amount of the required tender for a non-exclusive franchise player, as explained below.

Article 10, Section 2(a)(i) of the CBA sets forth the methodology, known as the "Cap Percentage Average," for calculating the required tender for such a player:

The Nonexclusive Franchise Tender shall be a one year NFL Player Contract for (A) the average of the five largest Prior Year Salaries for players at the position . . . at which the Franchise Player participated in the most plays during the prior League Year, which average shall be calculated by: (1) summing the amounts of the Franchise Tags for players at that position for the five preceding League Years; (2) dividing the resulting amount by the sum of the Salary Caps for the five preceding League Years . . . ; and (3) multiplying the resulting percentage by the Salary Cap for the upcoming League Year . . . (the "Cap Percentage Average") . . . ; or (B) 120% of his Prior Year Salary, whichever is greater . . . .

If a club extends a required tender to a "non-exclusive" Franchise Player pursuant to this section, the player shall be permitted to negotiate a player contract with any club, except that draft choice compensation of two first-round draft selections shall be made in the event he signs with a new club.

Q.  How many Franchise Players and Transition Players can a team designate each season?

A.  A club can designate one "Franchise" Player or one "Transition" Player among its potential restricted or unrestricted free agents.   

Q.  Can a club decide to withdraw its Franchise or Transition designation on a player?

A.  Yes.  A club can withdraw its Franchise or Transition designation, and the player then automatically becomes an Unrestricted Free Agent, either immediately or when his contract expires.

Q.  What is the salary cap for 2015?

A.  The salary cap is $143,280,000 per club.

Q.  When must teams be in compliance with the salary cap?

A.  At the start of the 2015 League Year, which begins at 4:00 p.m. ET on March 10.

Q.  If a team is under the salary cap at the end of a given season, can the team "carry over" room to the next season?

A.  Yes.  A team may carry over room from one League Year to the following League Year by submitting notice to the NFL prior to 4:00 p.m. ET on the day before the team's final regular-season game, indicating the amount of room that the club wishes to carry over.

Q.  What is the maximum amount of room that a club can carry over?

A.  One hundred percent of its remaining room.

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