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Topic: Free agency (Read 1205 times)
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SpursGM-old
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Free agency
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on:
July 13, 2005, 02:18:31 PM »
The Raptors signed Lovelette for a salary starting at $649,020. I can't figure out how he was able to offer that amount. Lovelette has 2 years experience so all Raptors (who are over the cap) could offer was 120% of prior year salary. Prior salary was $465,850..... 120% of that is $559,020.
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NetsGM
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Free agency
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Reply #1 on:
July 13, 2005, 02:35:21 PM »
Nice catch.
Which just alerts me to a new rule (thanks heavyreign for documenting this thing so well, RE: there being no documentation).
If you have 1+ bird years on a player, and are over the cap, you can actually offer up to 120% of this years minimum salary based on experience, or 120% if his last years contract, whichever is greater.
minimum salary for a guy with 2 years experience would be 540,850. Since the Raptors had his bird years (but not yet 3), he could offer him 120% of that, which is $649,020 (greater than 120% of 465,850 which would have been 559,020).
I'll add this to the rules page
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aka dabods/dbodner
dbodner@phillyarena.net
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Free agency
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Reply #2 on:
July 13, 2005, 03:08:39 PM »
I never even noticed that.
I just wanted to sign him to a max contract, and that's what I did.
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SpursGM-old
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Free agency
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Reply #3 on:
July 13, 2005, 04:35:19 PM »
So teams over the cap DO have an advantage in resigning their second round picks.
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NetsGM
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Reply #4 on:
July 13, 2005, 04:39:51 PM »
If you consider an extra 50k to be significant, sure
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aka dabods/dbodner
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SpursGM-old
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Free agency
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Reply #5 on:
July 13, 2005, 04:44:31 PM »
Quote from: NetsGM
If you consider an extra 50k to be significant, sure
Actually it's 90k but who's counting.
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