Buffaloed
webmaster
They've become common in NFL multi-year contracts. If they're not excluded in the CBA I expect they'll make their way to the NHL rather quickly. They're used by teams and players, to get the best possible outcome. Here's one that favors the player from the Atlanta Falcon's website.
http://www.atlantafalcons.com/team/article.jsp?id=2685
Obviously this is for a backup or developing player that wants an out if he becomes a starter so he can get a higher contract. Teams could also do that with stars, making years voidable if players don't hit certain performance incentives. In the NHL, it would be attractive for players to have voidable years based on league revenues. For example a guy could sign a 5 year deal, but it's voidable after 3 if the maximum cap salary allowed increases more than 20%.
http://www.atlantafalcons.com/team/article.jsp?id=2685
The following paragraph is actual void language that has been used:
"2004 REGULAR SEASON VOID"
If Player participates in 60% or more of the offensive plays (excluding special teams) during any one of the 2000, 2001, 2002, 2003 Regular Seasons,
AND
Player is on the active 80-man roster on the 23rd day preceding the first day of the 2004 League Year, then Player"s 2004 contract becomes null and void, at the Player's discretion. Player must notify the Club of his void decision on or before the 24th day preceding the first day of the 2004 League Year, through written notice via certified mail.
Obviously this is for a backup or developing player that wants an out if he becomes a starter so he can get a higher contract. Teams could also do that with stars, making years voidable if players don't hit certain performance incentives. In the NHL, it would be attractive for players to have voidable years based on league revenues. For example a guy could sign a 5 year deal, but it's voidable after 3 if the maximum cap salary allowed increases more than 20%.
