Each team is allowed to designate two free agents (whether it be UFA, RFA, or ERFA) they may attempt to re-sign. Teams may make an initial offer that is no lower than $510,000; there is no limit to how much a team can initially offer their free agent. You must be salary cap compliant by the deadline or else your offers will be void. Once the deadline passes (March 1, 10:00PM ET) to designate their players they'd like to re-sign, those players will enter a free agency pool on March 2 at 12:15AM ET where all teams may bid in the normal GML format. Once a player receives a competing offer (bid), he must go 24 hours without receiving a new offer (bid) before signing with his new team. Minimum bid increments are listed in the rules. When the clock hits 10:00PM ET on March 7, any player that has not yet been bid on must be offered a minimum of $1,000,000. This is to prevent people from bidding the minimum amount right before the deadline solely to ensure teams won't be able to re-sign players. The re-sign process officially ends on March 8 at 10:00PM ET. If a player has not received any competing offers, he will re-sign with his original team at this point. If a player has an offer from another team attached to him but hasn't passed through the full 24 hour process yet, he will enter unrestricted free agency with the same offer. However he will have to go through a full 24 hours during unrestricted free agency (the clock resets) before he signs. Examples: New England offers James Morris a $510,000 contract to re-sign with the team. The deadline passes on March 8 at 10:00PM ET and Morris has not received any offers... he officially will re-sign with the Patriots at $510,000. New England offers Brian Tyms a $510,000 contract to re-sign with the team. The Dolphins offer him a $750,000 contract on March 3 at 8:00PM ET. 24 hours pass and Tyms has not received an additional offer, he officially signs with the Dolphins at $750,000. New England offers James Morris a $510,000 contract to re-sign with the team. The Titans offer Morris a $1,000,000 contract on March 8 at 9:30PM ET. Morris enters unrestricted free agency with a $1,000,000 bid attached to him from the Titans and his time stamp would list the bid at March 9, 12:15AM ET (when unrestricted free agency starts).