Author Topic: Contract Extensions in final year Current (6th yr & 2024)  (Read 340 times)

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Offline Jon

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Contract Extensions in final year Current (6th yr & 2024)
« on: October 30, 2023, 11:05:00 AM »
Contract extensions

Contract extensions can be offered to any player on a MLB or a Minor league contract between November 1st and November 30th by midnight EST.   Any player not offered extensions will be removed from rosters by the commissioner or his representatives on December 1st and players will be considered free agents.

Posting of Free Agents

On September 1st and Before November 1st the commissioner or his representatives will post in a new thread all teams pending free agents.   

Formula for player extensions

Minor League Player extensions

If you have a minor league player that is on his final year of his minor league contract he must follow under the following rules and guidelines.   The player must still be eligible to remain in the minor leagues on Fantrax.   If he is eligible then he can only be extended for a max of 1 year at time.   His cost is a flat .500K for the year.   Once he maxed out his minor league 5 year contract and is not eligible to remain on Fantrax minor league system he must be extended using the major league guidelines.

Major League Player extensions

1.  MLB contract extensions can not exceed 3 years.   
2.  Hitters are all lumpted together and not separated by position
3.  SP are only for players marked as SP and SP/RP on Fantrax
4   RP pitchers are only for pitchers that have holds and saves

The maximum dollar amount that players can make is is $13m and the minimum $1m.  For scoring ranking go to Fantrax > Players > select your team > current year and get the number and then the prior year and get that number.   Add both numbers together and divide by 2 >. Use the divided number to determine salary

For extensions you look at the current year rankings and the prior year rankings.   If this year the player ranked number 47 in his position and the prior year he ranked 22 then you add for total of 69.  Divide 69 / 2 = 34.5.  Go to the rankings below and find the years and salary for 34.5

[font color="1979e6"]Examples:  [/font]

Hitting example: Lets say Max Muncy Dodgers is in the last year of his contact and you want to extend him.   You can extend him for 1 to 3 years.  In 2022 his score was 1193 and in 2021 it was 1529.  Add the 2 numbers / 2 = 1361.  Go to the hitters below and look for the salary associated with 69.2.  So you can extend him for 1 to 3 years and he will make $10m per year.

SP example:  Lets say Sandy Alcantra MIA in 2022 scored 1947 in 2021 was 1692.   add the two numbers / 2 for a number of 1819.50.  So you can extend him 1 to 3 years for $13m per year.

RP example.  I will use Chris Martin ATL.   In 2022 scored 631 and in 2021 371. Take the last two years.  add the two numbers / 2 for a number of 501.  So you can extend him 1 to 3 years for $5m per year.



Years & Salary

Hitters

[font color="1979e6"]Salary  Score  Number of Years[/font]

$9m   17000 >  1-3
$8m   1551-1699   1-3
$7m   1400-1550   1-3
$6m   1300-1399   1-3
$5m    12000-1299   1-3
$4m    1100-1199   1-3
$3.5m    1000-1099   1-3
$3m    900-999   1-3
$2.5m    800-899   1-3
$2m    700-799   1-3
$1.5m    600-699   1-3
$1m    501-599   1-3
$500K    <-500    1-3

Starters

[font color="1979e6"]Salary  Rank  Number of Years[/font]

$9m   17000 >  1-3
$8m   1551-1699   1-3
$7m   1400-1550   1-3
$6m   1300-1399   1-3
$5m    12000-1299   1-3
$4m    1100-1199   1-3
$3.5m    1000-1099   1-3
$3m    900-999   1-3
$2.5m    800-899   1-3
$2m    700-799   1-3
$1.5m    600-699   1-3
$1m    501-599   1-3
$500k    <-500    1-3

Relief Pitchers

[font color="1979e6"]Salary  Rank  Number of Years[/font]

$3.5m 800-> 1-3
$3m 700-799  1-3
$2.5m 600-699 1-3
$2m 500-599 1-3
$1.5m 400-499  1-3
$1m 300-399 1-3
$500k < - 299 1-3
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Offline Jon

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Re: Contract Extensions in final year Current (6th yr & 2024)
« Reply #1 on: October 30, 2023, 11:07:12 AM »
Only the following teams still need to provide extensions.

:LAD: - @osopinoso
:MIN: - @JMullen175
 
« Last Edit: October 31, 2023, 09:56:01 PM by Jon »
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Offline Jon

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Re: Contract Extensions in final year Current (6th yr & 2024)
« Reply #2 on: November 07, 2023, 06:03:12 PM »
Only the following teams still need to provide extensions.

:MIN: - @JMullen175
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Offline Jon

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Re: Contract Extensions in final year Current (6th yr & 2024)
« Reply #3 on: November 13, 2023, 06:05:47 PM »
everyone's is done.  I have done :MIN: myself as I couldn't wait anymore
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