Isn’t it 120% for any contract signed after 2020?
Just now got to properly decipher what those MOU clauses were about:
In 2020 MOU, they gave a new rule that if the QO would be (courtesy of exceptionally high base salary in the final year) higher than 120 % of the AAV of the expiring SPC, the team would be allowed to qualify the player with a QO that is
at least 120 % of the AAV. So the QO could be 120 % of the AAV or higher.
In the
new new 2021 rule that you quoted, they essentially removed the "or higher", and from now on the QO for exceptionally back-loaded expiring SPCs will be exactly 120 % of the AAV, no lower, no higher.
For normal expriring SPCs, the QO is still 100 % of final year base salary (if 1M+) or 105 % (less than 1M).
So looks like in 2020 they helped out the teams by making the QO lower in these special cases, and in 2021 they removed the possibility that the teams could use back-loaded contracts with silly QO to circumvent the cap rule by artificially lowering the AAV of the SPC that comes before the QO-based one year high salary SPC.
Behold, the Timo Meier special with 10M QO after his 6M AAV contract:
Timo Meier contract, salary, cap hit, salary cap, aav, career earnings, lifetime earnings, aav, advanced stats, transaction history, trade history, and rfa or ufa free agent status
www.capfriendly.com
SEASON | CLAUSE | CAP HIT
| AAV | P. BONUSES | S. BONUSES | BASE SALARY | TOTAL SALARY | MINORS SAL |
2019-20 | | $6,000,000 | $6,000,000 | $0 | $3,300,000 | $700,000 | $4,000,000 | $4,000,000 |
2020-21 | | $6,000,000 | $6,000,000 | $0 | $3,300,000 | $700,000 | $4,000,000 | $4,000,000 |
2021-22 | | $6,000,000 | $6,000,000 | $0 | $2,000,000 | $4,000,000 | $6,000,000 | $6,000,000 |
2022-23 | | $6,000,000 | $6,000,000 | $0 | $0 | $10,000,000 | $10,000,000 | $10,000,000 |
TOTAL | | $24,000,000 | $24,000,000 | $0 | $8,600,000 | $15,400,000 | $24,000,000 | $24,000,000 |
Qualifying offers to restricted free agents are one of many things that will change in the NHL’s new collective bargaining agreement, and fewer players will be able to follow Timo Meier’s path. The Sharks winger signed a four-year, $24 million contract last summer, setting himself up with some...
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