Handlogten's Heros
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They should do it like they do it in European soccer - let incumbent team negotiate extensions, new contracts etc. any time during the length of the contract. Let other teams negotiate with players 6 months before their contract is up.
That'd be great... incumbent team should be allowed to offer some sort of extension at any time... would help retain talent or know where they stand.
I know they want to save teams from themselves, but those big mega contracts only hurt the big spenders for the most part... shorter contracts really hurts non-FA destination spots.