Post by Boston Celtics on Jan 14, 2008 21:10:04 GMT
Contract Extension Regulations
- Re-signings and Free Agent signings must not take your team above the salary cap ($65,000,000) for the first year of your player's contract. A $70,000,000 cap exists for any further years.
- Contracts may only exceed the salary cap if a player has not moved from their team for three seasons or more (see 'D5 Bird Rights' below).
- Contracts cannot be longer than 5 years in length.
- A maximum of 6 years exists for players that have not changed teams for the past three seasons (see 'D5 Bird Rights' below).
- The maximum an offered salary can increase/decrease per year is by 11% of the initial offer.
- For instance, if a team offers a $10,000,000 contract, the most they may offer in the second year is $11,100,000. The most they may offer in the third year is £12,321,000 ($11,100,000 + 11% of $11.5m) and so on.
- You may include Player Options and/or Team Options in the contracts you offer.
- You must have a completed Salary Thread in your team's section before a re-signing can be finalized or even negotiated. If you have not done so by the deadline, your player will enter free agency.
- You may only re-sign a player if their contract is expiring.
- The only time players can be re-signed is during the Off Season Period allotted to re-signings.
- Since a signing must not take your team over the salary cap, offering multiple contracts which take your team over the salary cap is done at your own peril. If one player signs with your team and you then do not have the space to sign the other player, you will miss out on the other player.
- Players signed during Off Season Free Agency cannot be traded until December 15th of the regular season following their signing.