Being new to this league I need some questions answered on contract extensions to better manage my roster and salary cap. Thanks in advance for your assistance.
#1 - If a MLB player under the contract column has a 6th entered then he must be offered a contract extension during the month of November following the upcoming season to prevent him from becoming a free agent, am I correct?
#2 - If a MLB player under the contract column has 2025 am I too assume that his contract expires after the 2025 season or does it expire after the 2024 season and I have to offer a contract extension during the month of November following the 2024 season?
#3 - If a minor league player under the contract column has a 1st entered and I keep him on my roster after the season ends, then the following season the player will have a 2nd entered under the contract column and this will continue to advance until he completes his 5th season in the minors unless I release him?