This is stuff that any team signing a front-loaded multi-year contract should be well aware of. The CBA Paragraph in question goes quite into the details with examples. One can go and see for example Matthews' contracts to find out how they really optimize the front-loadingity when they want to. Really driving against the speed limiter there.Mikkel Boedker had to sign a revised deal with the Sharks
So remember when we said Mikkel Boedker signed a four year deal with the Sharks worth $16 million dollars over four years? Well, that’s still technically true, but some cap shenanigans have now…www.fearthefin.com
League also rejected the Sharks original contract with Mikkel Boedker due to the 35% variance rule that most people (including myself and apparently his agent+SJ) didn't know existed. Over the life of the contract, the year to year amount can't vary by more than 35% of the highest salaried year.
Boedker's original deal was 4 years for 16 million at 5 mil - 5 mil - 3 mil - 3 mil. The contract could only vary by 1.75 million (35% of 5 million), so the year 2 to 3 gap was more than was permitted. They redid the deal to be 5.2 mil - 4.8 mil - 3 mil - 3 mil. 35% of 5.2 mil allowed for a change of up to 1.82 million.
They certainly pulled a boner.Well entering his date of birth and date of the contract would have avoided this cock up.
Where do I send my invoice?
Well entering his date of birth and date of the contract would have avoided this cock up.
Where do I send my invoice?
A slightly more advanced spreadsheet wouldHe's 24 now, with a July birthday. They probably failed to notice that he's considered to be 25 for the ELC purposes (his age on September 15 of the calendar year of his signing). The simplest of spreadsheets wouldn't have caught that.
I wish the spreadsheet people would post their applicable spreadsheets instead of idle chit-chat.A slightly more advanced spreadsheet would
Not necessarily to the agent. His job is to get his client signed. Let the team sign his client to an invalid ELC, and then fix the SPC into a non-ELC when they can't honorably back out from contracting.Bad look for the team and the agent, oof.
It’s easy, but if Calgary wants it, they gotta pay meI wish the spreadsheet people would post their applicable spreadsheets instead of idle chit-chat.
I wouldn't think it is too complicated a formula that would calculate the player's age on Sept 15 on the year of the signing. But I want to see someone else to do the work.
And then we post it to Calgary.
to add to this, he's being used on the Wrangler's top line as well.Two games played, two points recorded. A primary assist in game 1 and his first pro goal coming last night.
Not a bad start to his pro career.