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03-08-2013, 03:19 PM
RangerBoy's Avatar
Join Date: Mar 2002
Location: New York
Country: United States
Posts: 32,123
vCash: 500
The salary and cap hit can't fluctuate

11. Retained Salary
In the context of Player Trades, participating Clubs will be permitted to allocate the AA and related
Salary and Bonus payment obligations between them, subject to specified parameters (“Retained
Salary Transaction”). Specifically, the Club trading a Player may agree to retain a percentage of the
SPC’s AA and related Salary and Bonus obligations for each of the remaining years of the Player’s
SPC, up to 50% of the SPC’s AA. In each Retained Salary Transaction, the percentage allocation
of the retained AA and retained Salary and Bonuses must be the same (i.e., the Salary and Bonus
obligations as between Clubs would be allocated on the same percentage basis as the AA being
allocated) and cannot be altered from year to year. So, for instance, if an assigning Club agrees to
retain 30% of an SPC’s AA over the balance of its term, it will also retain an obligation to reimburse
the acquiring Club 30% of the Player’s contractual compensation (Salary and Bonuses) in each of
the remaining years of the contract.

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