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FOF2004 - Contract Renegotiations
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. |
1/16th i believe. Honestly tho, its pretty irrelevant. Finances matter a little bit, but you never "run out of" money.
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The 3m will definitely count fully against your cap for this year, so it's a safe bet that you'd be paying that full 3m. As stevew said though, the team never really goes bankrupt, so thinking about contract finances outside the context of cap issues isn't that important. If you have the cap space to do this for the current year, it is much more effecient (from a game playing perspective) to lock the guy up. Strange things can happen in free agency.
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