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Number5
March-2nd-2006, 12:41 PM
http://www.philadelphiaeagles.com/homeNewsDetail.jsp?id=45180



HOOD TENDER: NO. 1 PICK VALUE


March 2, 2006
By DAVE SPADARO


As expected, the Eagles have made their tender offers to their four restricted free agents, and have given cornerback Roderick Hood the middle-level offer, which carries first-round compensation should Hood sign with another team.
The Eagles also made contract tenders to the three other restriced free agents on the roster: Punter Dirk Johnson, running back/return man Reno Mahe and safety Quintin Mikell. The Eagles have the right to match any offer sheets those three players sign in this free-agency period. If they choose not to match, the Eagles would not receive any compensation, as none of those three players were drafted.

The deadline for restricted free agents to sign offer sheets is April 21.


CB Rod Hood has been tendered the middle-level offer
There are three levels of tender offers. The low-level offer, which means a team would be compensated with a draft pick equal to the round in which a player entered the league, is $712,000. The middle-level offer -- which is what Hood received -- carries a first-round draft pick as compensation, is $1.552 million. And the high-level qualifying offer, which includes first- and third-round compensation, is $2.069 million.

Now, should Hood sign an offer sheet with another team, the Eagles still have the right to match the offer. If they choose to not match the offer, the Eagles would receive a first-round pick from that team in the 2006 draft.

Amid the league's labor uncertainty -- NFL owners are meeting today in New York in a last-ditch effort to come to an agreement on sharing revenue -- teams are expected to spend most of the day releasing players to reach compliance with the $94.5 million salary cap.

Already, several quality players have been released around the league and more are expected in the coming hours. The Eagles are not expected to make any moves, as they are reportedly comfortably under the salary cap.

Teams have until 10 p.m. to get under the salary-cap limit.

You can discuss all of issues today on Eagles Live!, which starts at 1 p.m. live from the NovaCare Complex.

kreitmaster
March-2nd-2006, 03:20 PM
that is a lot of value for a good, but not essential player

Oldskool
March-2nd-2006, 03:23 PM
not to mention that there are better corners on the FA market right now due to cuts.

Weird move by the Eagles.