Peter215
04-21-2005, 08:37 AM
I apologize if this has already been asked and answered but I did a search and did not find it (nor did I find it in the help).
I have a player who is in the final year of his contract and we are at the last game of the regular season. His current contract is $1 million for this year. I would like to sign him to a new contract. His is asking for $3 million this year and $4 million next year.
Are contracts pro-rated? or are they retro-active? In other words, if I offer him this contract does he get 1/16 of the $3 million this year or the full $3M? I assume that it is retro-active so does that mean that it is costing me $6 million to sign him for next year (ignoring cap issues). Since I could just let him play out his contract for $1M and offer him $6M next year. He would end up pocketing a total of $7M.
I have a player who is in the final year of his contract and we are at the last game of the regular season. His current contract is $1 million for this year. I would like to sign him to a new contract. His is asking for $3 million this year and $4 million next year.
Are contracts pro-rated? or are they retro-active? In other words, if I offer him this contract does he get 1/16 of the $3 million this year or the full $3M? I assume that it is retro-active so does that mean that it is costing me $6 million to sign him for next year (ignoring cap issues). Since I could just let him play out his contract for $1M and offer him $6M next year. He would end up pocketing a total of $7M.