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Glossary of free-agency terms

What's an unrestricted free agent? How about a franchise player? Check out our glossary of free-agency terms.

Updated: February 17, 2009, 6:09 PM ET
By John Clayton | ESPN.com

Salary cap: The NFL has a hard salary cap of $123 million, although it might not seem so firm. Teams must be under the cap from Feb. 26 through the remainder of the year. The salary cap is calculated by adding the base salary plus any roster or reporting bonuses, a prorated part of each signing bonus and any incentives a player is likely to earn.

Prorated signing bonuses: This is the hardest thing to understand about the cap. For cap purposes, signing bonuses are spread throughout ...

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