Free Agency 2012 Part #2
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07-19-2012, 03:19 AM
Join Date: Jun 2012
Location: Grants Pass OR
Originally Posted by
Would the signing bonus be for sure on the next July 1st? That's a major issue. If it's past that, they can trade Weber before hand and avoid the bonus. Otherwise they just let him go. Holmgren might have done a great job in how he structured the contract, if all the details known are actually right.
Yes signing bonuses are payed on the first day of the new contract according to everything I have read, which is July 1 of every year.
That is from another big site that can't be linked.
If you were curious as to what the starting price for Parise will be, former NHL player Nick Kypreos threw some interesting numbers in the mix on Sunday morning, namely a $24 million signing bonus, paid in two installments of $12 million each, one of which is due on the spot and the other due on July 1, 2013.
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