Refers to the level of attractiveness of a potential sex partner. While said person may be somewhat attractive or exhibit certain desirable traits, it is not a person one would date. Such assessments usually end in one night stands. Usually used by college or professional athletes (football,basketball, etc.) as it relates to their respective sports' draft.
Yeah, she's got a nice body, but she no "first round pick". I might pick her up as a "free agent" after the bars close...
by topp dizzle September 04, 2006
The New 'adventure game' from LucasArts Starring Spaff.
Spaff is starring in 'Free Agent' from LucasArts
by jon January 27, 2004

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