The "incumbent team" (the team that chose to accept a cap hold to retain restricted rights) has 24 hours to do one of the following three options by posting in this thread. The poster should note which player they are making the choice on. Choices may be edited and changed until the deadline (Friday at 5 pm Central), when the thread will be locked.
OPTION ONE - "ACCEPT"
The incumbent team chooses to match the winning bid. The player remains with his incumbent team and the contract is transferred to the incumbent team. The original "winning team" gets nothing (other than getting their cap space back for regular free agency). The player may not be traded for a full year (i.e., until after the next RFA period),
If the incumbent team submitted the winning bid (e.g., a 5-year max), this option is automatically the option selected (and the player is not eligible to be traded for a full year).
OPTION TWO - "DECLINE"
The incumbent team chooses not to match the winning bid. The player moves to the team that signed him and the incumbent team receives no compensation. The player may not be traded for a full year (i.e., until after the next RFA period).
This is considered the default option if no other post is made in the RFA Choice thread by the deadline.
OPTION THREE - "SIGN AND TRADE"
The incumbent team may choose to negotiate a trade with the team that submitted the winning bid. The trade must be legal (i.e., cannot violate salary cap rules and cannot involve players that were traded during the draft* as they have not been on the squad for 60 days).
Both parties must post consent to the trade in the Finalized Trade Forum prior to the deadline to choose to accept, decline, or sign and trade. Once both teams have posted in the Finalized Trade Forum, either team may post (and one team SHOULD post) "Sign and Trade" in the RFA Choice thread and link to the Finalized Trade thread to help the staff find it. The Finalized Trade thread's timestamps (both owners approvals) will be the determinant as to whether or not the trade made the deadline, not the timestamp of the post in the RFA choice thread (for those of you cutting it close).
A posted Finalized Trade thread with both parties' approval trumps both "Accept" and "Decline" posts made in the main RFA Choice thread.
The Restricted Free Agent cannot be traded for one full year following this "Sign and Trade." Any other players that happen to be involved in such a trade may be traded after 60 days as normal.
Warriors Sign SF Keith Van Horn for $46,318,016 over 4 years. (Suns are incumbent) - Suns exercise RFA rights to match.
Wizards Sign SG Antonio Daniels for $46,318,016 over 4 years. (Kings are incumbent) - Kings exercise RFA rights to match
Lakers Sign PF Tim Thomas for $46,318,016 over 4 years. (Bulls are incumbent) - Bulls exercise RFA rights to match
Raptors Re-sign PG Chauncey Billups for $62,932,088 over 5 years. - Automatic Accept
Jazz Re-sign PF Tim Duncan for $62,932,088 over 5 years. - Automatic Accept
Kings Re-sign SG Tracy McGrady for $62,932,088 over 5 years. - Automatic Accept
Hornets Sign PG Rick Brunson for $3,052,500 over 2 years. (Nuggets are incumbent) - Sign and Trade
Wizards Sign PG Anthony Johnson for $32,200,000 over 4 years. (Pacers are incumbent) - Sign and Trade
Heat Sign PG Alvin Williams for $22,684,458 over 4 years. (Wizards are incumbent) - Sign & Trade