Contract raises question

Discussion in 'Fugu's Business of Hockey Forum' started by Varius, Jun 8, 2006.

View Users: View Users
  1. Varius

    Varius Registered User

    Joined:
    Jul 28, 2005
    Messages:
    1,956
    Likes Received:
    0
    Trophy Points:
    0
    Home Page:
    I'm just curious, when a team refers to giving a deserving player a raise next season, would this only apply to their RFAs (or I guess UFAs but that's if they re-sign them)? Or could they give a raise to someone with a valid contract if they wanted as well (ie. scrap that contract and draw up a new one?)

    Thanks
     
  2. Irish Blues

    Irish Blues Present once again

    Joined:
    Dec 15, 2002
    Messages:
    21,806
    Likes Received:
    6
    Trophy Points:
    171
    Occupation:
    Actuary
    RFA's get raises depending on their salary in the previous season. UFA's - we all know how that works.

    For players with contracts for 2006-07, teams cannot renegotiate, adjust, or otherwise change the contracted salary for '06-07. Under the new CBA, once a contract is signed the only way it gets terminated early is if (A) the team decides to buy the player out, (B) the player is eligible to become a Group V free agent, or (C) one sides violates the terms of the contract (and no, if that happens I'm sure there's provisions in place to ensure it's not a " ;) - we're going to do this so you can get the money you want" arrangement).
     
  3. kdb209

    kdb209 Registered User

    Joined:
    Jan 26, 2005
    Messages:
    16,271
    Likes Received:
    5
    Trophy Points:
    126
    Nope. Contracts cannot be renegotiated.

    A team can, in the final year of a multi-year contract, negotiate a contract extension, which will not take effect until after the current contract expires. In the case of an existing 1yr deal, a contract extention cannot be signed untill after Jan 1.
     
  4. kdb209

    kdb209 Registered User

    Joined:
    Jan 26, 2005
    Messages:
    16,271
    Likes Received:
    5
    Trophy Points:
    126
    The Group V UFA termination is only in the case of a two-year arbitration award contract.
     
  5. Varius

    Varius Registered User

    Joined:
    Jul 28, 2005
    Messages:
    1,956
    Likes Received:
    0
    Trophy Points:
    0
    Home Page:
    Thanks for the quick answers guys :)
     

Share This Page

monitoring_string = "358c248ada348a047a4b9bb27a146148"