Boston Celtics
Post by Ian Noble on Apr 26, 2010 9:04:30 GMT
Contract Extension Regulations
- Re-signings and Free Agent signings must not take your team above the salary cap for the first year of your player's contract.
- Teams that are over the salary cap must either use their Mid-Level Exception or may only offer the League Minimum Contract.
- Contracts may only exceed the salary cap if a player has not moved from their team for three seasons or more using Bird Rights.
- Teams that are over the salary cap must either use their Mid-Level Exception or may only offer the League Minimum Contract.
- Contracts cannot be longer than 5 years in length.
- A maximum of 6 years exists for players that have Bird Rights.
- 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 $11.1m) and so on.
- You may include Player Options and/or Team Options in the contracts you offer.
- You may only re-sign a player if their contract is expiring.
- You may only re-sign a player 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.
