“I think it is a mistake to consider Ufa as a one-off agreement between India and Iran. They (the two countries) have an interest in each other and working through this mutual respect will be in everybody’s best interests,” says Yash Chopra. “I think that the relations between India and Iran would get better if both did not antagonize the other.” The views are similar to those of many eminent Indian thinkers like Amartya Sen and Subir Malik. “I think the relationship between India and Iran would be strong if they could maintain a friendly atmosphere. If either of them wants to antagonize the other then that relationship will definitely go for tilt.”
“I believe that the main challenge will be to stop the Iranian procrastination,” added Yash Chopra. “A big part of Ufa stems from its commercial interest, in that Iran needs petroleum and if it does not receive the supplies from abroad then it will be isolated. So, if India is willing to become a free agent and enter into mutually beneficial contracts with Iran then it will be in everyone’s interest that the relationship is not disrupted.” This article is primarily intended to provide an opinion on the future prospects of Ufa and the relationship between India and Iran.
It is obvious that both Iran and India need each other in the context of world affairs. However, the question is whether either of the countries can qualify as a free agent and be eligible for an unrestricted free agency concession in the oil sector. In simple terms the answer to this question will be given by a four quadrant analysis, which means that all four components will have to be positive for there to be a positive outcome. We shall now look at each of these components separately.
There are two ways in which a company can qualify as an unrestricted free agent, one way is if it has a permanent place of employment in an oil-related industry (the company must have its own terminal or office) and the second way is if it is recruited on an individual contract basis as a skilled worker by an oilfield services company that is not engaged in the production of oil. Now both of these conditions can qualify as an example of a ufa case. The first condition means that the company has a permanent place of employment to the second means that the person was recruited for a limited period of time as a skilled worker by an oilfield services company that is not engaged in the production of oil. So Iran and India will be able to qualify as unrestricted free agents.
Another factor that may be looked at is the player becomes a restricted free agent once he signs a three year contract with an oil company. Iran and India qualified as restricted free agents here because they signed three-year contracts with oil companies. The third condition means that the player becomes free to sign lucrative contracts with other teams once his contract expires. Each of these three cases is different in their own ways but both of them mean that either Iran and India could become restricted free agents.
There is another factor that might be considered when looking at the possibility of a ufa. That factor is the potential cap hit that each free agent sign would have to the league. Each free agent who signs will only count for cap hits on their books if they sign a three-year deal with an eligible team. This means that the player will count against the cap in his first year of free agency if he signs a three-year deal with an eligible team and then after three years he becomes a restricted free agent. So in the second and third years he is going to count against the cap.
It is easy to see why the odds are very heavily stacked against restricted free agents. First, they have to prove that they are UFA candidates to even be considered for the three-year qualifying offer. Second, they must convince the league that they are worth the contract. Most people don’t realize that the qualifying offer is a one-year deal that is worth just as much as a two-year deal if it is accepted. So a restricted free agent that turns down a qualifying offer because he doesn’t believe he is worthy of a two-year offer most likely won’t last long in the league before turning pro. The downside to this is that when a restricted player signs a three-year deal and turns professional he becomes subject to a four-year deal (or even a five-year deal if he has proven himself) which makes him more attractive.
However, a restricted free agent can still sign a two-way contract if he proves to the league that he is worthy of a two-way contract. So if a player has established himself as a low-minute player that plays well every night and has shown the ability to score at the basket, but doesn’t quite fit into the NBA’s ideal power forward or center image, he should seriously consider a two-way contract with an NBA team. Most often, a player will have to go through extensive training camp in order to show teams what he can do on a nightly basis, and then he’ll need to show that his abilities can play at the rim-or the paint, for that matter-in order to earn a two-way contract. This means that a guy like Jamaal Franklin, who has shown consistent skills at the college level and has experience playing at the college level, will likely have to go through training camp and exhibition games before proving himself. So a guy like Franklin could turn into a very good NBA player if he were to go through training camp and exhibition games enough times, but he’ll probably never become a consistent scoring option off the bench.