Qualifying offers[edit]
The current team must extend a "qualifying offer" to a restricted free agent to retain negotiating rights to that player. Qualifying offers are for one year contracts. The minimum salary for the qualifying offer depends on the player's prior year salary.
Players who earned less than $660,000 in the previous season must be offered 110 percent of last season's salary. Players making up to $1 million must be offered 105 percent. Players making over $1 million must be offered 100 percent.
If the qualifying offer is not made, the player becomes an unrestricted free agent.
If the player rejects a qualifying offer, he remains a restricted free agent.
If the player does not sign before December 1, he is ineligible to play in the NHL for the remainder of the season.
The most he can be qualified for is his exact salary from this season and ONLY for 1 year. He CAN reject it and remain an RFA if he wants more money. He COULD sign for less if he would rather have more term, meaning he gets more money. Would you rather have a 1 year contract worth only $4M and then if you s*** the bed, you are screwed after said year, or would you rather sign a 4 year deal worth $12M? Even if you s*** the bed, you are still getting paid for the next three years, and paid handsomely. So, yes he could do so, like in my example. $12M total with a job (somewhere) for the next 4 years, or $4M total and only a 1 year deal, maybe getting no more than $1M the next year on the UFA market. I'd take the guaranteed $12M.