New RFA compensation system: Cash instead of Picks?
As some may know, I am not a big fan of the RFA system in general as it stands right now. The lack of offersheets suggests that the system is broken and change is required. It seems that teams feel that the draft pick compensation is too high (so they try to tell us) and that is why there is a lack of OS. My idea would be to eliminate draft picks as compensation and just have straight cash compensation. Any cash that a team would pay out as compensation to the club that had an OS on their player would not count against either teams precious salary cap either. This way, teams who have money to spend and want to spend it can use this to their advantage. On the other end of things, the teams receiving cash compensation that do not have the means to match would essentially be getting a revenue sharing check that could help them with their finances. A win-win situation as they say.
Here is how I would break it down:
An offer with a $1,034,249 annual cap hit or less: No compensation
More than $1,034,249 -- $1,567,043: $500,000
More than $1,567,043 -- $3,134,088: $ 1 million
More than $3,134,088 -- $4,701,131: $ 2 million
More than $4,701,131 -- $6,268,175: $ 3 million
More than $6,268,175 -- $7,835,219: $4 million
More than $7,835,219 and higher: $5 million
It is just an idea, and I really do not know for sure how it would work out one way or another to be honest, but it may be worth a try to get the marketplace moving a bit.