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Author Topic: Contracts  (Read 4119 times)

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Offline Eric

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« on: May 06, 2013, 01:15:21 PM »
Contract Requirements
  • Each year of a contract must have the same salary amount.  There are no variable contracts.
  • The minimum salary is $500,000 and must be in multiples of $100,000.
  • The maximum length of a contract is five years.

Contracts are also subject to the following term limits:
Total Contract SalaryMax contract term
<= $1m2 years
$1.1m - $5m3 years
$5.1m - $10m4 years
$10m+5 years

Contracts are also subject to the following term minimums:
Annual SalaryMinimum Contract Term
$20m+5 years
$16m to $19.5m4 years
$11m to $15.5m3 years
$5m to $10.5m2 years

Prospect Contracts
A player can be signed to a prospect contract as long as they have less than 50 IP or 150 ABs in their career.  The contract is at the league minimum.  The player may be cut at any time without penalty, as long as their salary was at the league minimum (bonuses are fully guaranteed and stay with winning team for remainder of year). Remember: Bonus money used is of the $10m each team is provided with each year to sign both International prospects and domestic prospects. The unused $10m by each team expires at end of year.  Note that a player also becomes ineligible for a prospect contract when that player is released from a prospect contract that had its three year clock already start.

The contract lasts for three years after the point they accumulate 50 IP (pitcher) or 150 ABs (position player).  They may accumulate this over multiple years, but the three year rule does not take effect until the year they actually hit the accumulation threshold. 

Contract Extensions
Extension values are available here: https://docs.google.com/spreadsheets/d/16FI7d3-mjVzPcukVvtxPgMxmn7FO2ZgcvdVi_0TH87k/edit?usp=sharing

Players can be signed to actual contract extensions at any time.  The new salary for the extension begins after the current contract ends. Players signed to an extension cannot be traded for 60 days. 

Term limits also apply to contract extensions.  The total length of the extension plus the remaining years of the current contract cannot exceed the maximum terms above.  They must also meet or exceed the minimum terms listed above.

Matt Holiday has one year remaining on his $7m contract running through 2018.  Say he is eligible for a $5m per year extension.  The contract term must be at least 2 years, but no more than 3 years.  Since he has one year remaining on his current contract, one year would be subtracted from the maximum term and his contract would be as follows: $7m in 2018, $5m in 2019 & $5m in 2020.

A player may be given an extension that is less than their current salary.  However, such an extension has three restrictions.
  • This type of extension can only be given in the last year of their contract.
  • The maximum length of this type of extension is two years.
  • New salary may be no less than 70% of previous salary.  Therefore, a player with market value of $2.5m, current one-year deal of $5m, can have an extension for two years equal to $3.5m (0.7 * 5 = 3.5).
To calculate contract extensions, the position rankings for each eligible position is determined.  The highest salary value is used to determine the salary for the extension.  To determine the rankings:
  • OFFSEASON: previous two season rankings
  • REGULAR SEASON, PRE-JUNE 1ST: current season plus previous two season rankings
  • REGULAR SEASON, AFTER MAY 31ST: current season plus previous season rankings
Market values for salary information will be compiled in a spreadsheet calculator that is updated at the beginning of each regular season.

Prospect Extension
Any player who is currently under a prospect contract may be signed to a regular contract extension (see below), but they may also be signed to a prospect extension.  Such an extension must be a 5-year deal where the annual salary is xx% of their market value.  The resulting annual salary must be no less than $4m.  No matter what the current prospect contract is, the prospect extension kicks in the following year at the rate based on when the contract is given.

The following percentages are used based on the remaining length of the original prospect contract.

20XX - 60%
20XX+1 - 50%
20XX+2 - 40%
20XX+3, n/a - 30%

The window for prospect extensions is open until one week prior to the beginning of offseason free agency.
« Last Edit: December 28, 2019, 10:30:48 AM by Greg S »
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