Re: RPI 2010 Off-season thread V: Captain Kennedy and the A-Team
Kevin's press release doesn't mention numbers so I am cut and pasting NHL CBA section on entry level contracts
"Entry-Level" Salary Restrictions
* Players between the ages of 18 and 21 must sign "entry-level" contracts for their first three NHL seasons. Those aged 22-23 are entry-level players for two years, those aged 24 for a single year.
* An entry-level player can earn a maximum of $850,000 per year. The limit rises throughout the agreement, to $925,000 in 2011. Maximum entry-level salary in 2004 was $1.295 million.
* Signing bonuses are capped at 10 percent of the player's salary. Under the old deal, signing bonuses for entry-level players were capped at 50 percent of base salary.
* Performance bonuses can be earned at two levels. The first level covers individual benchmarks such as goals scored, goaltender wins, and so on. The maximum a player can earn at this level is believed to be around $850,000 per year. The second level is for much rarer achievements, like winning a major NHL award or ranking among the NHL's top players in a statistical catregory. The maximum a player can earn at this level is estimated at $2 million per year. Performance bonuses under the old agreement were subject to few limits.
* With some exceptions, performance bonuses are paid by the league and do not count against a team's salary cap. But they do count in calculating the league-wide share of player revenue.
Kevin's press release doesn't mention numbers so I am cut and pasting NHL CBA section on entry level contracts
"Entry-Level" Salary Restrictions
* Players between the ages of 18 and 21 must sign "entry-level" contracts for their first three NHL seasons. Those aged 22-23 are entry-level players for two years, those aged 24 for a single year.
* An entry-level player can earn a maximum of $850,000 per year. The limit rises throughout the agreement, to $925,000 in 2011. Maximum entry-level salary in 2004 was $1.295 million.
* Signing bonuses are capped at 10 percent of the player's salary. Under the old deal, signing bonuses for entry-level players were capped at 50 percent of base salary.
* Performance bonuses can be earned at two levels. The first level covers individual benchmarks such as goals scored, goaltender wins, and so on. The maximum a player can earn at this level is believed to be around $850,000 per year. The second level is for much rarer achievements, like winning a major NHL award or ranking among the NHL's top players in a statistical catregory. The maximum a player can earn at this level is estimated at $2 million per year. Performance bonuses under the old agreement were subject to few limits.
* With some exceptions, performance bonuses are paid by the league and do not count against a team's salary cap. But they do count in calculating the league-wide share of player revenue.
Good luck and God bless
I'm off to change my signature now...I'll revert to an old favorite until some inspiration for a new one strikes me.