40. Does a team receive compensation when another team signs their free agent, like in some other sports?
No. A team that loses a free agent does not receive anything. It used to be the case in the NBA a long time ago, but not any more. The most famous example of this is when Gail Goodrich signed as a free agent with the New Orleans Jazz. The Lakers, Goodrich’s previous team, received a draft pick as compensation. That draft pick turned out to be Magic Johnson.
Was glancing through Coon this morning to get in some light pleasure reading and came across this nugget.