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I was going to make a post like this. Nice job, dude ;D People should ask whatever question no matter how dumb it may seem.
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Aug 26, 2011 05:39
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| # ¿ Apr 25, 2024 09:01 |
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Thel posted:How does that work? Did he get paid his full-year NHL salary for playing 5 games or something? From their FAQ: Short answer, no. Jeremy Welsh's cap hit for 2011-12 is technically $17,945,000, the highest in NHL history. The long answer follows. When a one-year contract containing bonuses is signed after the season has started, and is effective for the then-current season, the standard cap-hit formula is adjusted to the following: [ ( base salary * days remaining in season / days in season ) + total signing and performance bonuses ] * days in season / days remaining in season Examples of this in the past are entry-level contracts for Welsh with Carolina and Jesse Winchester with Ottawa in 2007-08 and Mats Sundin's one-year deal with Vancouver in 2008-09. JEREMY WELSH Base: $832,500 Signing bonus: $92,500 Performance bonus: $0 Signed on: April 7, 2012 Days in season: 185 Days remaining: 1 [ ( $832,500 * 1 / 185 ) + $92,500 ] * 185 / 1 = $17,945,000 ** NOTE: Welsh's cap hit of $17,945,000 is compliant with Section 50.6 (a) of the CBA — the "20 per cent rule" — because his actual cap charge could not exceed $97,000 based on the date he signed. JESSE WINCHESTER Base: $762,500 Signing bonus: $87,500 Performance bonus: $25,000 Signed on: March 24, 2008 Days in season: 187 Days remaining: 13 [ ( $762,500 * 13 / 187 ) + $112,500 ] * 187 / 13 = $2,380,769 MATS SUNDIN Base: $1,626,500 Signing bonus: $4,000,000 Performance bonus: $0 Signed on: Dec. 19, 2008 Days in season: 186 Days remaining: 113 [ ( $1,626,500 * 113 / 186 ) + $4,000,000 ] * 186 / 113 = $8,210,570 If the player is signing a multi-year contract under the same scenario, nothing changes in the calculation of the player's cap hit. Examples of this are Justin Abdelkader's entry-level deal with Detroit in 2007-08 and Antti Miettinen's deal with Tampa Bay in 2011-12.
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Apr 25, 2012 15:37
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