Post by Edward Thomas Swan on Dec 5, 2008 9:48:37 GMT -5
General Guidelines:
The maximum contract length is 5 years, while the minimum contract length is 1 year. There is no limit to how much a player can make, however the league minimum is $150,000.
Prospect Free Agents:
Prospect free agents (PFAs) are players that GMs wish to sign off their prospect list. They are to be treated exactly like RFAs (see below) as GMs have to garner a contract offer for them to be created. VHL teams can only attempt to sign prospects they drafted and can not try and "steal" any other team's prospects.
Unrestricted Free Agents:
Unrestricted free agents (UFAs) are players 27 years of age or older and have expired contracts. They are free to sign with any team, without any compensation to the players original team. UFAs can only receive signing bonuses and No Trade Clauses (NTC). Performance bonuses will not be excepted. Bonuses can not exceed three times the yearly salary offer.
Restricted Free Agents:
Restricted free agents (RFAs) are players who are 26 years of age or under and have expired contracts. These players are free to sign with any team, but the team of origin has the right to match the offer or take compensation. The compensation chart is as follows:
$150,000-$300,000= No Compensation
$300,001-$500,000= One 2nd round pick, $1million
$500,001-$1,000,000= One 2nd round pick, One 3rd round pick, $3million
$1,000,001-$2,000,000= Two 2nd round picks, Two 3rd round picks, $5million
$2,000,001-$3,000,000= One 1st round pick, Two 2nd round picks, Three 3rd round picks, $7million
$3,000,001-$5,000,000= Two 1st round picks, Three 2nd round picks, Five 3rd round picks, $10million
$5,000,001-$7,500,000= Three 1st round picks, Five 2nd round picks, Seven 3rd round picks, $15million
$7,500,001-Above= Five 1st round picks, Seven 2nd round picks, Ten 3rd round picks, $25million
All draft picks in a teams compensation must be within the 3 closest draft years. If there is a conflict on compensation, the commish's will chose the highest pick at his digression. If a team signs a player with out the correct compensation they will be fined their closest 1st round pick. These player also can NOT receive any bonuses, of any kind.
Pre-Signing Period:
The pre-signing period is from after the trade deadline to the beginning of the playoffs. GMs, during this period, can attempt to pre-sign any player on their professional or farm roster, with one year left on their contract to an extension. These players can not take a pay decrease to their yearly salary to do so.
The maximum contract length is 5 years, while the minimum contract length is 1 year. There is no limit to how much a player can make, however the league minimum is $150,000.
Prospect Free Agents:
Prospect free agents (PFAs) are players that GMs wish to sign off their prospect list. They are to be treated exactly like RFAs (see below) as GMs have to garner a contract offer for them to be created. VHL teams can only attempt to sign prospects they drafted and can not try and "steal" any other team's prospects.
Unrestricted Free Agents:
Unrestricted free agents (UFAs) are players 27 years of age or older and have expired contracts. They are free to sign with any team, without any compensation to the players original team. UFAs can only receive signing bonuses and No Trade Clauses (NTC). Performance bonuses will not be excepted. Bonuses can not exceed three times the yearly salary offer.
Restricted Free Agents:
Restricted free agents (RFAs) are players who are 26 years of age or under and have expired contracts. These players are free to sign with any team, but the team of origin has the right to match the offer or take compensation. The compensation chart is as follows:
$150,000-$300,000= No Compensation
$300,001-$500,000= One 2nd round pick, $1million
$500,001-$1,000,000= One 2nd round pick, One 3rd round pick, $3million
$1,000,001-$2,000,000= Two 2nd round picks, Two 3rd round picks, $5million
$2,000,001-$3,000,000= One 1st round pick, Two 2nd round picks, Three 3rd round picks, $7million
$3,000,001-$5,000,000= Two 1st round picks, Three 2nd round picks, Five 3rd round picks, $10million
$5,000,001-$7,500,000= Three 1st round picks, Five 2nd round picks, Seven 3rd round picks, $15million
$7,500,001-Above= Five 1st round picks, Seven 2nd round picks, Ten 3rd round picks, $25million
All draft picks in a teams compensation must be within the 3 closest draft years. If there is a conflict on compensation, the commish's will chose the highest pick at his digression. If a team signs a player with out the correct compensation they will be fined their closest 1st round pick. These player also can NOT receive any bonuses, of any kind.
Pre-Signing Period:
The pre-signing period is from after the trade deadline to the beginning of the playoffs. GMs, during this period, can attempt to pre-sign any player on their professional or farm roster, with one year left on their contract to an extension. These players can not take a pay decrease to their yearly salary to do so.