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+----- Thread: Contract rules for shortened season (/showthread.php?tid=625)
Contract rules for shortened season - Ace - 07-09-2020
Extensions
2020 values halved (minimums still apply).
2018, 2019 and 2020 ranks used.
Contracts
Deals will progress as normal.
Teams will be given the option of adding 1 year to any veteran contract at halfway between 2020 salary and the extension value (or at the 2020 salary if this is greater). It must be for at least the positional minimum and doesn't apply to deals signed after FA re-opens.
Example: $10m salary, $20m extension value = Option of adding year at $15m
For players in last year of team control this must be done by August 3rd. Others can be done at the end of the season (or by August 3rd if you don't want the 2020 rank to count).
Players under prospect contracts who have passed rookie limits by the end of the 2020 season will be given an additional arbitration year. This will be $8m for players already in their arb years and $6m for players on 500k deals (amounts halved for RP).
Releasing Players
Free agents signed this year before the shutdown can be cut at the end of the season with the penalty for the 2020 salary reduced to 50% for both releases and buyouts. Cap savings can only be used to fund buyouts for this class of player.
Covid
If a player opts out of the season then teams will receive a 500k cap credit. At the end of the year his contract may be tolled. For all players who miss 6 weeks or more for covid related reasons then teams will also have the option of tolling the contract.
If a veteran player misses 3 weeks or more then his extra year option shall be one quarter the way between the extension cost and his 2020 salary (or at the 2020 salary if this is greater).