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Post Info TOPIC: Free Agency Information
Eric_Isles


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Free Agency Information
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Free Agency opens Friday, September 5th @ 7:30 PM EST.

Both Unrestricted Free Agents and Restricted Free Agents will be open for bidding. Bidding on players will be done through the message board bidding system.

To cut down on the updates and work for Bryce and I, each GM will be able to simply place a bid on a player by making a post on the players thread.

ALL POSTS / BIDS ARE FINAL.


i. Unrestricted free agency will work simply on a highest bidder format.

ii. To place a bid on a player, you must increase the bid of the previous offer of no less than $250,000.

iii. A team that currently has a player already on their roster, despite them entering Free Agency, will get a home discount in that a player will give the home team a 10% discount in negotiations. So a 1 year 1 million offer from another team is equal to a 1 year 900k offer from their prior team.

iv. Once a bid is placed on a player another team has 48 hours to bid more for that players service. If no one bids higher, that player will sign

v. When a team that has the home team discount bids on a player, the value of the bid will be displayed as a 100% offer. So if a home team offers 1 year for 1.8 million per season it will be displayed as a 2 million dollar bid.

vi. Signing bonuses may not exceed have the TOTAL contract amount. So a 4 year 2 million dollar offer may not have a signing bonus of more than 4 million.

vii. The total value of a bid on a UFA is calculated by; (yearly salary + (total signing bonus/years)). So in the prior example of a 4 year 2 million dollar deal with a 4 million dollar signing bonus that is worth 3 million per season.

viii. The player will sign with whichever team offers them the highest average salary per season.

ix. Teams must have the money in their current finances in able to offer signing bonuses, and may not go into the negative from paying the signing bonuses.

x. Teams may NOT release players during unrestricted free agency. The only transactions allowed during free agency are actual trades between teams. A buy out period prior to UFA will open and close.

xi. Teams may exceed the cap during the off-season, by no more than 3 million per season.

xii. GMs who place a bid that puts their team over the $3,000,000 grace period will have their offer voided and the team will no longer be allowed to bid on the player.

xiii. A team that is over the cap cannot make any bids, even if they are under the grace period.


C. Signing Bonuses

i. All signing bones cannot exceed 50% of the total years value of the contract. For example a 3 year deal worth $1,000,000 per season would equal a signing bonus of a maximum of $1,500,000. Please adhere to this formula when sending in offers: (Contract Length x Dollar Amount) / 2 = Maximum Signing Bonus.

The period to buy out a player ends on September 2nd, 10PM EST.


K. Roster Buyouts follow this formula:

Buyouts are based on the years left and the amount the player makes per year. Buyouts are paid for via BRHL2 Funds.
1 year - 50%
2 years - 30%
3 years - 20%
4 years - 15%
5 years - 10%.

i. For Example: A player with 3 years left, and a salary of $3,700,000.
3,700,000 x .5 = 1,850,000
3,700,000 x .3 = 1,110,000
3,700,000 x .2 = 740,000

1,850,000 + 1,110,000 + 740,000 = $3,700,000
(updated 11-13-06)


Compensation for signing RFAs is:

viii. If you choose not to match it then you will receive compensation based on the following:

$475,000 to $499,999 = 5th Round Draft Pick

$500,000 to $999,999 = 4th Round Draft Pick

$1,000,000 to $1,999,999 = 3rd Round Draft Pick

$2,000,000 to $2,999,999 = 2nd Round Draft Pick

$3,000,000 to $3,999,999 = 1st Round Draft Pick

$4,000,000 to $4,999,999 = 1st & 2nd Round Draft Picks

$5,000,000 + = Three 1st Round Draft Picks



I will be e-mailing this out in a few days.


Examples:

A bid on a player with home team discount / loyalty:

Jim Paek
3 years, $1,400,000
Signing Bonus: $1,000,000
Loyalty: $140,000

Total: $1,873,333 / year

(((3 x $1,400,000) + $1,000,000) / 3) + $140,000 = $1,873,333



A bid on a Player without home team discount / loyalty:

Scott Stevens
4 years, $4,400,000
Signing Bonus: $8,000,000

Total: $6,400,000 / year

((4 x $4,400,000) + $8,000,000) / 4) = $6,400,000






-- Edited by Eric_Isles at 21:50, 2008-09-04

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Eric_Isles


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For the record, I will be disabling the ability for users to edit their posts when bidding is open. Also, users are not permitted to delete their own posts.

All of your posts / bids are final.

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Panthers


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Eric --- will we be able to buy out players AFTER free agency is completed, or is the pre-free agency period the only option?

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Eric_Isles


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Yes. after free agency has completed, you will be able to buy out players.

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Hawks_G


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Is there a machination for a team to control their spending since we are allowed to be over the cap in the offseason?

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Eric_Isles


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Hawks_G wrote:

Is there a machination for a team to control their spending since we are allowed to be over the cap in the offseason?



 Bryce and I will try to monitor.  As well as I'm sure some GMs will pay attention to some of them.



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HOTLANTA


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we are only supposed to be aloud to be over 3 million during offseason.. and hasnt it always been if a offer puts you over the cap then the offer is void?

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Hawks_G


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Eric_Isles wrote:

Hawks_G wrote:

Is there a machination for a team to control their spending since we are allowed to be over the cap in the offseason?



 Bryce and I will try to monitor.  As well as I'm sure some GMs will pay attention to some of them.


Unless there is a hard and fast rule, how can you tell a guy to stop bidding on UFAs?  How can a limit be determined?



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HOTLANTA


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again george i think during ufa no team can make an offer to put them over the 50.3 cap limit..



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Hawks_G


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HOTLANTA wrote:

again george i think during ufa no team can make an offer to put them over the 50.3 cap limit..



My apologies Eric, I missed the cap rule.

xi. Teams may exceed the cap during the off-season, by no more than 3 million per season.

xii. GMs who place a bid that puts their team over the $3,000,000 grace period will have their offer voided and the team will no longer be allowed to bid on the player.

So Kirk, teams can bid up to the $53.3 limit (That would include the cap plus the $3 million overage.)

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PhoenixGM


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Pretty clear - offseason cap is 53.3 - lets just hope people realize that if they go over the cap they put themselves in a tough spot and we, as a league, should be making a point of making it hard on teams (ie, be a tough negotiator in trade talks) to get back down under the cap.

Steve

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HOTLANTA


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I had misunderstood the rule aswell. and with xii i dont think this is a good option..

Example; Atlanta- i have 4.5 mill cap space,, with this rule i in theory have 7.5 mill cap space. now having extra cap space i Sign UFA forward Brendan Shanny for 2 yrs 7.4 per year. now being over cap i move a current UFA i have in Shane Doan for youth and my team comes out way ahead..

I think the reason for UFA is for bottom teams to be able to sign UFA's to become better, i think with the top teams having this extra free cap space (and usually dominate finance's) they will be able to pull away some of the better UFA's from the lower teams who need the ufa's to become good.

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HOTLANTA


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i would say any offer taking a team over the 50.3 cap would be void thats just my thought.

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Hawks_G


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Um....how do I put this....ok....here goes.

*Ahem...mmmm...ahem*

I agree wholeheartedly with Kirk.


Wow...it wasn't as bad as I thought. wink

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Hawks_G wrote:

Um....how do I put this....ok....here goes.

*Ahem...mmmm...ahem*

I agree wholeheartedly with Kirk.


Wow...it wasn't as bad as I thought. wink


LOL, well I think maybe next offseason we just get rid of that 3 million buffer thing.... but there is no way we could do what you guys are suggesting this year....

What a gong show it would be to have a 53.3 million cap right now, then to lower it down to 50.3 for the FA period, then to raise it back up to 53.3 million following FA then to bring it back down again to 50.3 for the start of the season.  Just won't work.

The way I see it you have to keep the cap consistent all offseason.  Since we've been working with a 53.3 million cap so far, it's got to stay that way.  Next year we have to decide (in advance) to either allow the 3 milion buffer all offseason, or to just get rid of that altogether.

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