What defines a Restricted Free Agent (RFA)?

A Restricted Free Agent (RFA) is defined by the conditions set forth in the Collective Bargaining Agreement (CBA). Specifically, a player qualifies as an RFA after completing three accrued seasons in the league, during which their original contract has expired. This status allows the player to seek offers from other teams, but their current team retains the right of first refusal, meaning they can match any offer made to the player. If the current team chooses not to match the offer, the player can leave, but that team may receive compensation, depending on the level of the qualifying offer.

The other options you mentioned do not accurately describe an RFA. Evaluating a player for contract renewal typically pertains to players still under contract or unqualified free agents. A rookie player is generally still within their initial contract and usually does not qualify for RFA status until they complete their three accrued seasons. A player who has been released by a team is typically a free agent with no restrictions, making the definition of an RFA inapplicable in that situation.