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Prospect ExtensionAny player who is currently under a prospect contract may be signed to a regular contract extension, but they may also be signed to a prospect extension. Such an extension must be a 5-year deal where the annual salary is X% of their market value.For the 20XX season, the following percentages would be used per prospect status.20XX - 60%20XX+1 - 50%20XX+2 - 40%20XX+3, n/a - 30%This is more in line with what Dan originally brought up.
So if a star prospect comes up (ex: Heyward or Strasburg) and they're playing at a really high level at MLB, but not for long enough that their clock starts yet (still 20XX+3), and not for long enough that their market value is that high (lets say they were a late season call-up). I can extend them to a 5-year deal at 30% of their current value, which would likely be the minimum?That would seem to really increase the value of blue-chip prospects and high draft picks - is that what we want to do?
I'd probably go a bit lower, in roughly the $2m to $3m range as the minimum.
I forgot about Dan's minimum proposal. These contracts are only legit if such salary is something like $4m/year.