: Confirmed with Link:
Dallas Stars sign Radek Faksa to an Entry Level Contract
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07-06-2012, 12:06 PM
Join Date: Jul 2007
To explain this a bit better, Faksa will receive his $92,500 signing bonus immediately. At the end of the season, his contract will slide one year as long as he didn't play more than 9 NHL games. This means that technically Year 1 of his contract is now the 2013-14 season, but he loses the Year 1 signing bonus (off the contract ... he doesn't return the money).
In 2013-14, he is paid the Year 2 signing bonus .. again likely $92,500. At the end of the season if he hasn't played more than 9 NHL games, his contract slides an additional year. The 2014-15 season now becomes the official year 1 of his ELC, but again he loses the Year 2 signing bonus.
Now his ELC will carry him 3 years until the end of 2016-17, but he'll only get paid one more bonus in 2014-15.
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