Randy Butternubs
Registered User
@Empoleon8771 @Ogrezilla @KIRK
(C) Under no circumstances may a Club:
(1) Have in its Averaged Club Salary in any single League
Year amounts attributable to more than three (3) Retained
Salary SPCs for Players that the Club has Traded to other
Club(s); or
(2) Retain more than an amount equal to fifteen (15) percent of
the Upper Limit for that League Year in allocated
Averaged Amounts (as measured based on the full-season
Averaged Amount of a Retained Salary SPC and calculated
based on the maximum potential Averaged Amount of a
Retained Salary SPC) (e.g., 15 percent of $70.2 million or
$10.53 million in the 2012-13 League Year; 15 percent of
$64.3 million or $9.645 million in the 2013-14 League
Year; or $12 million if the Upper Limit equals $80 million)
in the aggregate (i.e., for all such Retained Salary SPCs) in
any one League Year; or
(3) Reacquire within one (1) calendar year from the date of that
Retained Salary Transaction an SPC the Averaged Amount
and Player Salary and Bonuses of which that Club agreed
to retain as part of a Retained Salary Transaction;
Illustration: If Club A Trades a Player to Club B and
retains 30% of the Averaged Amount of such Player's SPC
in a Retained Salary Transaction, Club A cannot reacquire
such Player's SPC within one (1) calendar year from the
date of the Trade. However, if such Player's Retained
Salary SPC expires or is otherwise terminated prior to one
(1) calendar year from the date of the Trade such that it no
longer exists, Club A may reacquire the Player since the
Retained Salary SPC no longer exists.
or
(4) Reacquire as part of a Retained Salary Transaction the SPC
of a Player who was on that Club's Reserve List within the
past calendar year;
Illustration: If Club A Trades the SPC of a Player to Club
B (the "Initial Trade"), Club B cannot subsequently Trade
an SPC of such Player back to Club A within one (1)
calendar year from the date of the Initial Trade and retain a
portion of the Averaged Amount of that SPC pursuant to a
Retained Salary Transaction. However, Club B may Trade
an SPC of the Player back to Club A within one (1)
calendar year from the date of the Initial Trade if Club B
does not retain any portion of such Player's SPC.
or
(5) Enter into a Retained Salary Transaction with respect to an
SPC that has already been subject to two (2) Retained
Salary Transactions; or
(6) If an SPC is subject to more than one (1) Retained Salary
Transaction, the second such Retained Salary Transaction
may not add to, subtract from, or otherwise modify the
obligations of the Club that initially agreed to retain a
portion of the Averaged Amount and Salary and Bonuses
of a Retained Salary SPC (i.e., the Club Trading the Player
retains the amounts of its Retained Salary obligations for
the life of the Retained Salary SPC).
Sorry for the format. I'm on mobile.
(C) Under no circumstances may a Club:
(1) Have in its Averaged Club Salary in any single League
Year amounts attributable to more than three (3) Retained
Salary SPCs for Players that the Club has Traded to other
Club(s); or
(2) Retain more than an amount equal to fifteen (15) percent of
the Upper Limit for that League Year in allocated
Averaged Amounts (as measured based on the full-season
Averaged Amount of a Retained Salary SPC and calculated
based on the maximum potential Averaged Amount of a
Retained Salary SPC) (e.g., 15 percent of $70.2 million or
$10.53 million in the 2012-13 League Year; 15 percent of
$64.3 million or $9.645 million in the 2013-14 League
Year; or $12 million if the Upper Limit equals $80 million)
in the aggregate (i.e., for all such Retained Salary SPCs) in
any one League Year; or
(3) Reacquire within one (1) calendar year from the date of that
Retained Salary Transaction an SPC the Averaged Amount
and Player Salary and Bonuses of which that Club agreed
to retain as part of a Retained Salary Transaction;
Illustration: If Club A Trades a Player to Club B and
retains 30% of the Averaged Amount of such Player's SPC
in a Retained Salary Transaction, Club A cannot reacquire
such Player's SPC within one (1) calendar year from the
date of the Trade. However, if such Player's Retained
Salary SPC expires or is otherwise terminated prior to one
(1) calendar year from the date of the Trade such that it no
longer exists, Club A may reacquire the Player since the
Retained Salary SPC no longer exists.
or
(4) Reacquire as part of a Retained Salary Transaction the SPC
of a Player who was on that Club's Reserve List within the
past calendar year;
Illustration: If Club A Trades the SPC of a Player to Club
B (the "Initial Trade"), Club B cannot subsequently Trade
an SPC of such Player back to Club A within one (1)
calendar year from the date of the Initial Trade and retain a
portion of the Averaged Amount of that SPC pursuant to a
Retained Salary Transaction. However, Club B may Trade
an SPC of the Player back to Club A within one (1)
calendar year from the date of the Initial Trade if Club B
does not retain any portion of such Player's SPC.
or
(5) Enter into a Retained Salary Transaction with respect to an
SPC that has already been subject to two (2) Retained
Salary Transactions; or
(6) If an SPC is subject to more than one (1) Retained Salary
Transaction, the second such Retained Salary Transaction
may not add to, subtract from, or otherwise modify the
obligations of the Club that initially agreed to retain a
portion of the Averaged Amount and Salary and Bonuses
of a Retained Salary SPC (i.e., the Club Trading the Player
retains the amounts of its Retained Salary obligations for
the life of the Retained Salary SPC).
Sorry for the format. I'm on mobile.
