UFA is the capital city of the Russian Republic of Bashkortostan; it is also known as “the new Moscow.” It is located on the bank of the Belaya (White) River, which was part of Mongolia until its independence in 1920. During that time, their biggest city was also located here, Bashgirdt, nowadays known as Arkhangai. Today, UFA is one of the fastest growing cities in the Russian Federation and has become a popular tourist destination for many foreigners and Russian speakers.
The word “fido” in its Russian acronym means “free agent.” An unrestricted free agent is a player that signs a contract with an NBA League team but is not under the player signing contract. As long as he plays for the NBA squad and meets his obligations as a basketball player, he is regarded as an unrestricted free agent. In case he decides to play elsewhere, he still retains his status as an NBA free agent.
To be an unrestricted free agent, a player needs to sign an NBA contract, have been a member of his team for two or more seasons and hasn’t signed a contract with another team before. The player must also have been a part of an NBA championship team at least once. As long as all these conditions are met, an ufa becomes a free agent immediately. However, he is still subject to the provisions of his NBA contract. He remains obligated to sign with another team if he is cut by his current team.
Players receive contracts starting on July 1st of each year. Starting on this date, players have till the end of the year to sign a contract with a professional basketball league or else become an unrestricted free agent. This is also the start of the NBA season. On this date, players who haven’t signed a contract with an NBA team or have been cut by his former team, are allowed to enter into the NBA free agency pool. If a player qualifies for the free agency pool, his salary will be determined by the NBA. If he qualifies for the maximum salary, his salary will be set by the league based on the merit of his performance as well as his ranking among other qualified players.
In case he is chosen by the NBA, the league will send him a notice of his selection. A document called the “qualifying offer” is then sent to the player’s prospective team, which he must accept or reject. The NBA also conducts a draft lottery to pick the player who receives the most qualifying offers. Once a player receives a maximum number of qualifying offers, he has no option left to either sign a contract with another team or refuse to participate in the NBA draft. In case he refuses to participate, he becomes a restricted free agent and loses the right to sign any contract with another team until the end of his career in the league.
As soon as a player reaches the age of 22, he becomes an unrestricted free agent. He can sign a contract with any NBA team, but he is not eligible to receive a salary increase (as is the case with restricted free agents) until after three years of playing in the league. The salary increase is based on the rookie scale (five percent). As soon as a player reaches the age of 24, he is no longer a restricted free agent and his salary increase is unlimited. Players may sign a player contract for one season and then sign a multi-year contract for the following season, subject to the restrictions of their current team.