Rookie Max?

Discussion in 'NHL Draft - Prospects' started by Eb0la11, May 29, 2007.

  1. Eb0la11

    Eb0la11 Registered User

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    I'm just wondering if anyone could inform me what the rookie max was for last season? Also, a few examples of some rookies who signed for the rookie max would be helpful too.
     
  2. Redwingsfan

    Redwingsfan Global Moderator

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  3. montreal

    montreal Go Habs Go

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    Guillaume Latendresse signed for the rookie max, 850k.
     
  4. Eb0la11

    Eb0la11 Registered User

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    I thought that this was it too, but Ovechkin is listed as 984,200 on nhlpa.com and hes still on his rookie deal?

    Or is some of that from bonuses or sometihng? Im confused a bit.
     
  5. sk84fun_dc

    sk84fun_dc Registered User

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    I imagine there is a thread about this somewhere in the business section by IB or KDB, but the quick answer.

    The max dollars allowed are based on draft year:

    05 and 06 850,000
    07 and 08 875,000
    ...

    The CBA covers all entry level contracts, but the maximum salary (including signing bonus, IIRC) is for example, 850,000 for a 2006 draft pick.

    For a player selected under the old CBA, but signing under the new CBA (e.g., 04 picks like Ovechkin or Malkin), the max salary was set higher.

    Also, in addition to the salary and signing bonus, which is what NHLPA lists, for example, there are schedule A and schedule B bonuses so the max dollars earned for the top picks can be higher than these figures. Some of the performance bonuses are paid by the team and count in the cap figure, some are paid by bthe league and do not count against the cap.

    Again, the details about the max and bonuses are likely answered if you take a look at IB's business section stickied threads.
     
  6. Eb0la11

    Eb0la11 Registered User

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    Thanks guys, I think I have a pretty decent grasp on it now. The FAQ sheet by IB didnt ask quite this exact question, but had some other very useful information that helped me out with what I needed. Cheers!
     
  7. NYR469

    NYR469 Registered User

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    the rookie max is based on the year you are drafted, not the year that you are a rookie. so since ovechkin was drafted before the lockout his rookie max was different then guys draft after the lockout.

    you will also sometimes see the number report in terms of the cap hit which includes the salary plus bonus incentives
     
  8. Eb0la11

    Eb0la11 Registered User

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    I need to revisit this thread.

    One more question. Is there a place where I can see how much each drafted player could earn on his entry level deal from year to year dating back to the 1999 Entry draft since I am led to believe that european players drafted back then still have their rights owned by whichever club took them?

    I know that 2003 draft players could sign up to a max of: 942,400
    I know that 2004 draft players could sign up to a max of: 984,200
    I know that 2005 draft players could sign up to a max of: 850,000

    How does this work? Thanks guys I appreciate it. Id love to be directed to a nice chart with all this information. Thanks!
     
  9. Irish Blues

    Irish Blues Worth waiting for :)

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    I'll add it to my "to do" list once reserving is over in about 2 weeks.
     
  10. kdb209

    kdb209 Global Moderator

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    Players drafted under the old CBA were subject to the ELS limits of the old CBA, minus the 24% rollback, but were subject to the more restrictive limits on bonuses from the new CBA.

    2003: $1,240,000 - 24% = $942,400
    2004: $1,295,000 - 24% = $984,200

    Under the currect CBA:

    And as far as unsigned pre-lockout European draft picks, all have bcome UFA's except for 2004 draftees - their teams hold their rights until June 1, 2008.

     
    Last edited: Jul 11, 2007
  11. sk84fun_dc

    sk84fun_dc Registered User

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    Have they changed the exception for Russian players picked before the new CBA went into effect (i.e., 04 picks and earlier)? Last I heard, the teams still held the rights to any Russian picks they continue to retain on their reserve list regardless of draft year, with the understanding that there will be a date set once Russia agrees to participate in the IIHF agreement.
     
  12. montreal

    montreal Go Habs Go

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    It appears that's the case but I haven't seen anything official. As far as I know teams that should have lost the rights to Russian draft picks from all but the '04 draft, have actually kept their rights for now.
     

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