50.7 Variability Rules for Multi-Year SPCs.
(a) For all "Front-Loaded SPCs" (as defined below), the difference between the stated Player Salary and Bonuses in any immediately adjacent League Years of that SPC cannot exceed thirty-five (35) percent of the stated Player Salary and Bonuses of the first League Year of such Front-Loaded SPC. Additionally, under no circumstances may the stated Player Salary and Bonuses in any League Year of a Front-Loaded SPC be less than fifty (50) percent of the highest stated Player Salary and Bonuses in a League Year of that same Front-Loaded SPC.
(i) To determine whether an SPC is a Front-Loaded SPC:
(A) Take the total number of League Years in the SPC and divide by two (2) ("First-Half Term");
(B) Add the amounts of all stated Player Salary and Bonuses in the First-Half Term. If the SPC has an odd number of League Years, allocate to the first half of the SPC one-half of the stated Player Salary and Bonuses paid to the Player in the middle League Year of such SPC (e.g., the fourth year of a seven-year SPC) ("FirstHalf Stated Player Salary and Bonuses");
(C) Divide the First-Half Stated Player Salary and Bonuses by the First-Half Term. The resulting amount shall be the "First-Half Averaged Amount";
(D) Calculate the Averaged Amount of the SPC in a manner consistent with Section 50.5(d)(ii);
(E) If the First-Half Averaged Amount is greater than the Averaged Amount for the entire term of the SPC, such SPC is a "Front-Loaded SPC" and must comply with Section 50.7(a). Any SPC other than a Front-Loaded SPC must comply with Section 50.7(b) rather than Section 50.7(a).
(b) "The 100 Percent Rule" for Multi-Year SPCs. For any SPC that is not a Front-Loaded SPC, the difference between the stated Player Salary and Bonuses in the first two League Years of an SPC cannot exceed the amount of the lower of the two League Years. Thereafter, in all subsequent League Years of the SPC, (i) any increase in Player Salary and Bonuses from one League Year to another may not exceed the amount of the lower of the first two League Years of the SPC (or, if such amounts are the same, that same amount); and (ii) any decrease in Player Salary and Bonuses from one League Year to another may not exceed fifty (50) percent of the Player Salary and Bonuses of the lower of the first two League Years of the SPC (or, if such amounts are the same, 50 percent of that same amount).