Another Yanks extension

[OUDAN]

:NYY: would like to lock up Neftali Feliz now as we believe he will become a VERY good starter.
2010= #47 RP
2011= #131 RP
The #47 RP is due $1.5 mil with his Spec contract it give me 50% off rounded up to
$1 Mil (2015)

If there are any mistakes here let me know this is my first Spec extension

[h4cheng]

Minimum rookie contract extension is 4M.

[OUDAN]

I knew i would mess this up somehow lol
so make it $4 Mil and the longest years i can which i think is 4

[shooter47]

I knew i would mess this up somehow lol
so make it $4 Mil and the longest years i can which i think is 4

Prospect extensions always have a length of 5 years.  So he would be a $4M 2017 deal.  Or you could sign him using a regular extension and sign him to a $1.5M 2015 deal.

[OUDAN]

Would it not be $1.5 Mil for 3 years which would be $1.5 mil (2016) his Spec contract runs through 2013

[h4cheng]

Would it not be $1.5 Mil for 3 years which would be $1.5 mil (2016) his Spec contract runs through 2013

any new contract signed takes over from the current contract at the start of the next year, so if you do sign him to a 3 year deal, then his spec contract is voided starting next year.

[OUDAN]

Is that only on spec deals cause other deals take effect after the current deal is up

[Dan Wood]

He is a P-2013...so if the contract started next season you could sign him for an additional 2 years at 1.5 mil. A contract at 1.5 mil can be at the maximum of 3 years. Not all contracts pick up at the end of a contract, they still have to stay within the guidelines of the maximum amount of years, which are listed in the rule book. No player will ever have a contract longer than 5 years unless it was inherited from a real life contract when the league first started.

So it would be (@1.5 mil)
.5 - 2013
1.5 - 2014
1.5 - 2015

[OUDAN]

Thanks dan i think im going to hold off i guess for a bit i dont wanna pay him anymore next year i thought it took over the after the contract was up thanks again guys!