Thread: Salary Cap: $64.3M Upper Limit for '11-'12
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04-30-2011, 07:32 AM
  #334
azrok22
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Your first contract is not illegal under the 50% rule. 50% refers to the lesser of 50% of the first two years of the contract. In this case that number is $4.5m. The contract can decrease by more than 50% of previous year, but cannot decrease by more than $4.5m per year.

Quote:
Basically, the difference between one year's salary and the next can be no more than 50% of the lower of the first two years' salary in that contract.
http://www.ontheforecheck.com/2010/7...evils-contract

The Kovalchuk amendment also wouldn't apply, because the contract doesn't implicate years over the age of 40.

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