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Free Agency Is a Business Process, Not an Event

The decision is shaped by far more than the day an agreement is signed. Preparation, timing, leverage and context begin well before the market opens.

Free agency is often described as a moment, the day a market opens, or an agreement is reached. In practice, it is a process shaped by decisions made well before that day arrives.

Preparation, timing, and context all begin long before a market opens. The leverage an athlete has in that process is rarely created in the moment. It is built in advance, through the decisions and structure established beforehand.

Treating free agency as an event, rather than a process, is one of the more common ways that leverage is left on the table.