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?

Yes, any player that is in 6th year can be extended after the 2024 season before I roll it over.

#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? 

It expires at the end of the current season.  If this is something I need to look into to make sure that it is better understood by everyone I can certainly do that.  But all 2025 expires at the end of this current year.

#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?

Not necessarily.  The player will not go into his 2nd year until he makes his initial MLB debut.  Once he makes his MLB debut then the clock will tick on him and each year he will gain eligability.  

Done

I will likely set free agency to begin the first Monday of February.  Please take note of the rules.  The most important rule is that all players except for Japanese players who have either not played in an MLB game or have six years or less of MLB service are considered prospects. 

An example is Nick Senzel, who is now in his sixth year.   He is a prospect, and any dollar amount bid on him would be considered a one-time bonus for this year.  So if you bid 10 million, then he is a prospect, 6th year, 10.3million

Japanese players are not prospects and must be bid on as regular players.   You can move them to and from the minors until exhausted. 

If you have any questions please post them to this thread.   I will reengage the penalty for dropping players the day before free agency begins.  Right now all drops are free, but that will be changed.   Any player you drop that is a 2025 or greater contract is a 80 percent penalty for this year only. 

https://www.profsl.com/smf/index.php?board=4178.0

https://www.profsl.com/smf/index.php?topic=438460.0

league is now full

Welcome to the leauge Nippy. 

I have a favor to ask of you.  I am willing to give you the Brewers but I have a favor to ask.  I am a huge Reds fan.   I would prefer to play with .  Would you allow me to attach you to the and rename to I will survive either way.  This way win win

I will also help in any way to get you any player that I can

Jon