Post by Personnel Representative on Jul 10, 2008 17:36:33 GMT -5
Alright this one may come across trickey but I'll try and make it as simple as I possibly can.
You can not under any circumstance have a contract in which the payment looks as the example that follows:
5 years
high low - so far so good, now comes the no-no part.
1st year 500K
2nd year 6M
3rd year 500K
4th year 8M
5th year 500K
totalling 15.5M or a cap hit of 3.1M
You cannot fluxuate a contract dollar amount by more or less than 50 percent year to year.
However, you may work out deals that go up and down accordingly. Also, you CAN negotiate a contract with a Player Option or Team Option in which the salary term can be greater or less than 50 percent because as soon as the original contract expires, it would be considered a new negotiated deal in terms of the player or team option.
Also, contracts can fluxuate more and less than 50 percent the previous contract if it is a new agreed upon contract. If a player made 500K for the last 3 years and is now signing for 4M for the next 5, that is fine.
That is all, hope it wasn't too confusing.
You can not under any circumstance have a contract in which the payment looks as the example that follows:
5 years
high low - so far so good, now comes the no-no part.
1st year 500K
2nd year 6M
3rd year 500K
4th year 8M
5th year 500K
totalling 15.5M or a cap hit of 3.1M
You cannot fluxuate a contract dollar amount by more or less than 50 percent year to year.
However, you may work out deals that go up and down accordingly. Also, you CAN negotiate a contract with a Player Option or Team Option in which the salary term can be greater or less than 50 percent because as soon as the original contract expires, it would be considered a new negotiated deal in terms of the player or team option.
Also, contracts can fluxuate more and less than 50 percent the previous contract if it is a new agreed upon contract. If a player made 500K for the last 3 years and is now signing for 4M for the next 5, that is fine.
That is all, hope it wasn't too confusing.
