: Confirmed with Link:
Rangers Sign Chris Kreider to ELC (First year of ELC active)
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04-10-2012, 07:16 PM
Join Date: Mar 2002
Location: New York
The CBA does not specify when signing bonus can or can't be paid. Its not a salary. Brad Richards got a $10M signing bonus for signing with the Rangers. That was in July 2011. There was no season being played. Players weren't getting paid. The only restriction regarding signing bonuses is for entry level contracts which states the signing bonus can be 10% of the max. Dylan McIlrath signed in March 2011. He got a signing bonus and his contract doesn't begin until 12-13. I heard him interviewed after signing the ELC. He was thinking of buying a new car with some of the signing bonus money.
McKenzie said a few weeks ago,Kreider would wait to sign. Elliotte Friedman said Kreider needed to be signed before the regular season ended.
Kreider signed a 3 year ELC. $900,000 is the MAX for 2009 picks. $90,000 can be a signing bonus. $270,000.
He has a games played playoff bonus. Brooks wrote they don't pay bonuses in the playoffs but Toews got a $1.3M bonus for winning the Conn Smythe in 2010.
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