Rookie Max?

[Eb0la11]

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.

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[Redwingsfan]

850.000

 

[montreal]

Guillaume Latendresse signed for the rookie max, 850k.

 

[Eb0la11]

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.

 

[sk84fun_dc]

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.

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.

 

[Eb0la11]

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!

 

[NYR469]

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.

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

 

[Eb0la11]

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!

 

[Ted Hoffman]

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!

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

 

[kdb209]

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!

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.

9.3. Compensation Limits.

(a) The maximum annual Compensation, including any bonuses for games played, permitted
to be paid to a Group I Player shall be as follows:

Draft Year NHL Compensation
1995 US$ 850,000
1996 US$ 875,000
1997 US$ 925,000
1998 US$ 975,000
1999 US$1,025,000
2000 US$1,075,000
2001 US$1,130,000
2002 US$1,185,000
2003 US$1,240,000
2004 US$1,295,000

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

Under the currect CBA:

9.3 Entry Level Compensation Limits.

(a) The maximum annual aggregate Paragraph 1 NHL Salary, Signing
Bonuses and games played bonuses permitted to be paid to a Group 1 Player shall be as
follows:

Draft Year NHL Compensation
2005 US$ 850,000
2006 US$ 850,000
2007 US$ 875,000
2008 US$ 875,000
2009 US$ 900,000
2010 US$ 900,000
2011 US$ 925,000

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.

n. "Defected" Players. Any Player who met the qualifications for "defected" status
as per the terms of, and as of the date of expiration of, the Expired CBA shall
remain "defected" for a defined period of time, following which the Player shall
become free of the exclusive negotiating rights of his drafting Club and shall be
eligible to enter the League as an Unrestricted Free Agent. The "defected" status
of Players selected in the 2002 Entry Draft, or prior, shall expire as of June 1,
2006. The "defected" status of Players selected in the 2003 Entry Draft shall
expire as of June 1, 2007. The "defected" status of Players selected in the 2004
Entry Draft shall expire as of June 1, 2008. Any Player who remains an Unsigned
Draft Choice at the time his "defected" status expires in accordance with this
paragraph shall be subject to having to enter the League through the Entry Level
System in accordance with the provisions of Article 9 of the Expired CBA,
including without limitation, the salary scale set forth therein, following
application of the 24 percent rollback as provided for in Paragraph 1(a) above,
provided, however, that such Players shall, at a minimum, be required to sign a
one-year Entry Level SPC to enter the League, regardless of the Player's age at
the time the SPC is signed and, provided further, the Player may negotiate for
Performance Bonuses only as permitted by the rules set forth in Article 9 and
Exhibit 5 of this Agreement governing Entry Level Performance Bonuses, and as
allowed under Article 50 of this Agreement.

 

[sk84fun_dc]

..
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.

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.

 

[montreal]

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.

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.