2011 Nba Cba By Nate Duncan--Article Ii--Uniform Player Contract

Front 1

Result of Prohibited Amendments to Contracts

II(2)

Back 1

Contract/amendment shall be disapproved by the commissioner and rendered null and void.

Front 2

Allowable Amendments to Player Contracts: Compensation schedule

II(3)(a)

Back 2

Sets forth compensation to be paid or amount loaned to player (Exhibit 1 to UPC)

Front 3

Allowable Amendments to Player Contracts:
lump sum bonuses

II(3)(b)

Back 3

b) Provisions allowing lump sum bonuses, in the form of: i. signing bonus; ii. performance bonuses; iii. conditioning/academic bonuses. (subject to 11b, describing limitations on off-season workouts/bonuses)

The latter two bonuses must be for meeting positive benchmarks. Performance bonuses must be based on Generally Recognized League Honors or specific numerical benchmarks included in the contract.

Front 4

Allowable Amendments to Player Contracts:
Extra Promotional Appearances

II(3)(c)

Back 4

Amendment allowed to provide for bonus for doing extra promotional appearances above those required by the CBA.

Front 5

Default Compensation Schedule Under Paragraph 3(a) of UPC

Back 5

Salary paid in 24 equal semi-monthly installments starting November 15, paid on 1st and 15th of every month.

Front 6

Permitted modifications to compensation payment schedule: Non-minimum contracts

II(3)(d)

Back 6

1. 12 equal semi-monthly installments beginning 11/15 (basically over course of regular season) or;
2. 36 equal semi-monthly installments, deferring it over 18 months
3. Paying fully or partially guaranteed contracts in advance prior to Nov. 15. Advance amount limited to lesser of 80% of guaranteed amount or 50% of overall Base Compensation. No more than 25% of Base Compensation can be paid prior to October 1.

Note: Paying as much upfront as possible is a good way for teams to make contracts more palatable to players, especially to compete with those in low-tax states.

Note: This card doesn't discuss deferred compensation under Article XXV

Front 7

Permitted amendments: Compensation protection (guaranteed contracts)

II(3)(e)

Back 7

Team/Player can agree on an Exhibit 2, which protects compensation in the event the Contract is terminated because of:
i) Lack of skill
ii) death
iii) disability or unfitness to play caused by 1) basketball-related injury or 2) injury or illness. Note that only one of these 2 can be protected.
iv) mental disability

Note: team can also purchase insurance policy for the player's benefit for these last 3

Front 8

Permitted Amendments: Exhibit 3 Prior Injury Exclusion

II(3)(f)

Back 8

Team/Player can agree on an Exhibit 3, which limits or reduces players ability to receive his Base Compensation if he reinjures or aggravates an previously existing condition. What the condition is has to be spelled out in the Exhibit 3.

Note: For contracts/extensions signed under 2011 CBA, player is guaranteed not to have Base Compensation reduced by an Exhibit 3 after February 1 for that season.

Front 9

Permitted Amendments: Exhibit 4 to UPC Trade Payments
II(3)(g)

Back 9

Team player can agree on either 1) a trade kicker to be paid within 30 days or 2) a no-trade clause. Subject to Article XXIV restrictions: (see next cards)

Front 10

Restrictions on Trade Bonuses

Article XXIV(2)(a)

Back 10

Subject to Article XXIV, re trade bonus:
1. Payable only first time player is traded, or 2nd time if contract is signed as part of a sign/trade.
2. Trade bonus can't exceed 15% of remaining salary on the contract (does not include option years that haven't been exercised yet)
3. Only amendment to an Exhibit 4 can be to set out the amount of the trade bonus as either A) specified percentage of remaining Base Compensation on contract or; B) specified dollar amount not to exceed a specified percentage of remaining Base Compensation on the contract
4. Can't amend an already signed contract to add a trade bonus, unless it's part of a contract extension.
5. No trade bonus can be payable more than once.

Front 11

No trade clauses

Article XXIV(b)

Back 11

Can only be entered into by players with 8 or more years experience who have played at least 4 or more years with the signing team. Also, has to be a new contract, not an extension, unless old contract already included no trade clause.

The 4 years with the signing team don't have to be consecutive. For example, Horace Grant re-signing with the Magic in 2001 after playing for LA and Seattle in the interim.

Front 12

Permitted Amendments: Exhibit 5 to UPC (prohibited activities)

II(3)(h)

Back 12

Player and team can agree that player can participate in some or all of the activities prohibited in paragraph 12 of the UPC. These include "any activity that a reasonable person would recognize as involving or exposing the participant to a substantial risk of bodily injury." Includes stuff like skiing, bungee jumping, football, etc. (See paragraph 12 of UPC)

Note: Amendment cannot allow participation in a public exhibition of basketball not approved in accordance with Article XXIII.

Front 13

Permitted Amendments: Exhibit 6 to UPC (re player physical)

II(3)(i)

Back 13

Contract is invalid unless player passes a physical in accordance with Article II(12)(h). Must be conducted within 3 business days of signing the contract, and results of physical must be reported to player within 6 business days.

Player must provide complete and truthful information for the physical.

Front 14

Permitted Amendments: Exhibit 7 to UPC (re staying in shape)

II(3)(j)

Back 14

Exhibit 7 replaces Section 7(b) of the UPC. Under Section 7(b), team can suspend a player if he's out of shape until the Team Physician says he's in shape again. Suspension can be for any length of time.

Exhibit 7 instead forces a team to suspend a player in successive 1 week periods if he is too out of shape and give notice to player after each week if he is going to remain suspended. At the end of each week player can then ask to be examined by a neutral physician, whose decision on whether he's in shape is binding on player and team.

Front 15

Permitted Amendments: Deleting or modifying Paragraph 13(b) of UPC (re public appearances)

II(3)(k)

Back 15

Paragraph 13(b) says player will not make any promotional appearances without written consent of the Team. Last 16 words say consent "shall not be withheld except in reasonable interests of Team or NBA."

Deleting this means player can do whatever appearances he wants. Deleting only last 16 words means Team can withhold consent to such appearances for any reason it wants.

Front 16

Permitted Amendments: Buyouts

II(3)(L)

Back 16

Team/player can do an amendment under which Team can agree to release a player, and if he clears waivers:
1. the guarantee on his contract can be reduced or eliminated, and/or
2. For pre-2011 CBA contracts, to accelerate or extend the payment schedule for remaining amount on the contract, (subject to limitations of Article II(12)(e-f) governing payment schedules)
3. Modify or eliminate the team's usual right of set-off for waived players.

Front 17

Permitted Amendments: Exhibit 8 (Sign and Trade)

II(3)(m)

Back 17

Makes a trade to another team (via sign and trade) within 48 hours a condition precedent of the contract.

Front 18

Permitted Amendments: Exhibit 9 (One season, non-guaranteed Training Camp Contracts)

II(3)(n)

Back 18

Allows a team to waive a training camp invite player prior to the regular season and not have to pay anything. If such a player gets injured in camp, Team's sole liability to pay player $6,000. NOTE: Does team have to pay player's medical expenses also?

One Season,Non-guaranteed Training Camp Contracts only allowed under certain circumstances (see next card)

Front 19

Rules governing an Exhibit 9 (one season, non-guaranteed training camp contract)

Back 19

1. Must be for one season only
2. Minimum contract with no bonuses whatsoever
3. Cannot provide for compensation protection of any kind.
4. Team must have at least 14 other players under contract (doesn't include other Exhibit 9 players)
5. Team can only have 6 Exhibit 9s at a time.

Front 20

Compensation Protection: Lack of skill

II(4)(a)

Back 20

If player/team agree on an Exhibit 2 to this effect, the contract is guaranteed to the extent specified in the Exhibit 2 even if he gets cut due to "lack of skill."

Note: "Lack of skill" is in the sole opinion of team management--i.e. they can waive a player for basically any reason.

Front 21

Compensation Protection: Death

II(4)(b)

Back 21

If team/player agree on an Exhibit 2 to this effect, compensation is protected (guaranteed) even if the player dies, provided that:

1. Death does not result from participating in a dangerous activity prohibited by paragraph 12 of the UPC (like snowboarding).
2. Death doesn't result from suicide or substance abuse.
3. Player and/or his estate assist the team in procuring an insurance policy and making a claim under that policy, if applicable.

Note: Subject to other provisions in the contract,

Front 22

Compensation Protection: Basketball-Related Injury

II(4)(c)

Back 22

If team/player agree on an Exhibit 2 to this effect, compensation is protected (guaranteed) even if the contract is terminated due to an injury sustained in a practice or game. This is provided that:

1. Injury doesn't result from substance abuse or attempted suicide.
2. Player assists the team in procuring an insurance policy and making a claim under that policy, if applicable.

Note: Subject to other provisions in the contract,

Front 23

Compensation Protection: Injury or Illness or Mental Disability

II(4)(d-e)

Back 23

If team/player agree on an Exhibit 2 to this effect, compensation is protected (guaranteed) even if the contract is terminated due to an injury, illness, or disability. This is provided that:

1. Injury, illness, or disability doesn't result from a dangerous activity prohibited by paragraph 12 of the UPC (like snowboarding).
2. Injury, illness, or disability doesn't result from substance abuse or attempted suicide.
3. Player assists the team in procuring an insurance policy and making a claim under that policy, if applicable.

Note: Subject to other provisions in the contract, Note: Player can't be in material breach of contract at the time.

Front 24

Is a player guaranteed employment by compensation protection?

II(4)(f)

Back 24

No. They just owe him the money. There is no requirement to keep employing him in any capacity.

Front 25

Compensation protection for options years

II(4)(h)

Back 25

Team Option: Only applies if team option is exercised prior to player getting waived.

Player Option: If player is waived prior to exercising option, one of two scenarios, depending on which of the 2 is chosen for the Exhibit 2.

1. Player gets his money for the option year regardless of whether he'd opted in yet.
2. Player doesn't get his money unless he'd opted in already.

Note: If it's the second scenario, the contract must state that the player can't opt in an earlier than the the day following the date of the Team’s last game of the Season prior to the Option Year

Front 26

Increase in compensation protection over the life of a contract

II(4)(i)

Back 26

A later year of a contract cannot have more of the base salary guaranteed than an earlier year. Only exception is if there is a condition precedent that triggers the later year.

E.g., first year 50% guaranteed, second year 100% guaranteed is ok if the second year only becomes guaranteed as a result of some condition, such as being on the roster on August 1.

Front 27

Amount of salary that can be protected for death

II(4)(j)

Back 27

For contracts signed under new CBA, the most that can be protected for death is $30 million.

Note: Team can pay player's life insurance costs up to certain amounts, as long as the amount of coverage doesn't exceed the lesser of the amount remaining on the contract or $40 million

Note: After signing a contract with death protection of $10 million or more, team has 90 days to procure life insurance, during which the player can't do so himself.

Front 28

Stretching of guaranteed salary is player is waived

II(4)(k)

Back 28

If player is waived after September 1 in a given season, he gets his money on the normal schedule provided for in the contract for that season. Then, remaining payments are equally divided over double the remaining seasons on the contract, plus 1.

So if he has 3 years and $14 million left on the contract, that money gets paid out over 7 years (3x2+1) at $2 million per year.

If he gets waived before September 1, then that season is also included in the stretching and he doesn't get paid as he normally would for that year. So with 4 years left on the deal, it would be stretched over 9 years (4x2+1)

Front 29

Additional contract provisions related to substances under the Anti-Drug Program

II(4)(L)

Back 29

These cannot be added, whether they are a condition or limitation. E.g., Team can't add a provision saying a player loses his guaranteed salary if he tests positive. The consequences for that have to be uniform.

Front 30

Conformity of Contracts

II(5)(a-b)

Back 30

Nothing in a player contract is allowed to supersede the CBA if there is something inconsistent with the CBA the contract, the terms of the CBA govern. No contract can allow a team or player to waive any rights provided by the CBA.

Note: Pre-2011 CBA contracts are not affected by 2011 CBA terms that expressly apply only to post-2011 CBA contracts.

Front 31

Minimum Salary

II(6)(a)

Back 31

No player can get less than the minimum salary, which is set forth in Exhibit C to the CBA. It increases by years of experience in the NBA. For 2013-14

0 years: 490,180
1 year: 788,872
10 years +: 1,399,507

Front 32

Minimum Salary and International Buyouts/signing bonuses

II(6)(c)

Back 32

Any "international player payment" (buyout) in excess of the Excluded International Player Payment (buyout that doesn't count as part of salary/against the cap) counts as as signing bonus and thus part of Salary in determining whether a contract meets the minimum salary. No other bonuses can count towards the minimum player salary though.

Note: Excluded International Payment is $575,000 for 2013-14 and goes up $25,000 each year.

Front 33

Amendment of contracts that pay less than the minimum

II(6)(d)

Back 33

On July 1 of each Salary Cap Year, any Player Contract that provides for a Salary for the upcoming Season that is less than the applicable Minimum Player Salary shall be deemed amended to provide for the applicable Minimum Player Salary.

I'd guess this comes into play because the player will have another year's experience on July 1.

Front 34

Language Minimum Salary Contracts must contain in Exhibit 1A

II(6)(f-g)

Back 34

“This Contract is intended to
provide for a Base Compensation for the ____________ Season(s) equal to the Minimum Player Salary for such Season(s) (with no bonuses of any kind) and shall be deemed amended to the extent necessary to so provide.”

Note: Language allows contract to fit to the scale for the minimum salary for that year and the player's years of experience.

Note: Contracts for beyond 2020-21 season have to include language subjecting them to minimum salary scale for those years, even though we don't know what that is yet. II(6)(g)

Front 35

Salary Advances (prior to Nov. 15) on Minimum Contracts

II(6)(h)

Back 35

1. Can only occur on guaranteed or partially guaranteed contracts.
2. Must be lesser of i) 80% of guaranteed amount or ii) 7.5% of the total salary.

Note: Advance must be deducted in full from first payment of the year on 11/15 and second payment of the year if it's large enough that it can't all be taken out of the first payment.

Note: Section provides express (and only) language for how to put this into Exhibit 1A.

Front 36

Maximum Salary plus unlikely bonuses for players with less than 7 years experience

II(7)(a)(i)

Back 36

the greater 25% of the Salary Cap in effect at the time the Contract is executed, or 105% of the Salary for the final Season of the player’s prior Contract

Note: This is the STARTING maximum salary. He can still receive up to 7.5% annual raises.

Front 37

Derrick Rose Rule (5th year 30% max salary) criteria

II(7)(a)(i)

Back 37

Player with 4 years of service at the end of his contract can be eligible to get 30% max if: (i) the player is named twice to the All-NBA first, second, or third team; (ii) the player is voted in twice as an All-Star starter; or (iii) the player is designated once as NBA MVP.

Note: This can bites teams if a max extension is signed before the 4th year, but then the player meets the criteria through his 4th year performance. Max contracts usually provide for the maximum allowable salary, which increases to the 30% and could mess up teams' planning. Language is “the Maximum Annual Salary applicable to such player in the first Season of the extended term." See II(7)(d)

Front 38

Maximum Salary plus unlikely bonuses for players with 7-9 years experience

II(7)(a)(ii)

Back 38

Greater of 30% of the salary cap or 105% of previous salary.

Note: This is just STARTING salary; can still get annual raises from that point each year.

Front 39

Maximum Salary plus unlikely bonuses for players with 10+ years experience

II(7)(a)(iii)

Back 39

Greater of 35% of the salary cap or 105% of previous salary.

Note: This is just STARTING salary; can still get annual raises from that point each year.

Front 40

If salary plus unlikely bonuses exceeds the maximum salary

II(7)(c)

Back 40

Then the amount is reduced to confirm with the maximum salary.

Note: This is necessary because there may be times when it's impossible to tell in advance if the amount of salary plus unlikely bonuses would exceed the maximum salary

Front 41

Language of Maximum Rookie Scale Extension to delineate the salary.

II(7)(d)

Back 41

1. Could include flexible language such as “the Maximum Annual Salary applicable to such player in the first Season of the extended term.” Allows for 30% max if player meets criteria in 4th season after signing rookie extension at end of 3rd season.
2. Could include a specific % between 25 and 30, anything above 25% being contingent upon meeting the Rose Rule criteria.

Front 42

Variable raises based on whether player meets Rose Rule criteria

II(7)(d)

Back 42

Team/Player can agree that raises are increased or decreased based on the percentage of the salary cap the player ends up getting in his Max Rookie Extension.

E.g., if player's contract is 25% of salary cap, no annual raises, but if he meets Rose Rule criteria and it's 30% of salary cap, then he can get annual raises up to 7.5%.

Front 43

Designated Player Rookie Scale Extension

II(7)(d)

Back 43

If a player is a Designated Player, he must receive the maximum possible salary with 7.5% annual raises.

Front 44

Filling in the specifics on a Max Rookie Scale Extension

II(7)(d)

Back 44

On the first day following the Moratorium Period of the season where the extension kicks in, max contracts are automatically amended with the specific dollar amounts.

Note: This is because it's then possible to determine the specific salaries for the length of the contract because they know how much 25-30% of the cap is for that season, plus whether player met the Rose Rule criteria or not.

Front 45

Effect of Trade Kicker on Maximum Contract

II(7)(e)

Back 45

Trade kicker is amended so that the Salary plus Unlikely Bonuses doesn't exceed the max salary for that player.

Note: This basically makes trade kickers irrelevant for max contracts in all but a few situations.

Front 46

Minimum Length of Max Rookie Scale Extension

II(7)(g)

Back 46

Must be for at least 4 years, excluding option years, for any contract allowing a chance at greater than 25% max.

Note: This helps to prevent the LeBron/Bosh/Wade 2010 early opt out of their max extensions after 3 years. So any player who signs a max extension with possible over 25% max will be under team control for minimum 8 years (including first 4 years which are his rookie deal).

Front 47

Calculation of percentage of salary cap for max contracts

II(7)(f)

Back 47

"Salary Cap" for determination of what constitutes max contract ___% of Salary Cap is lower than normal. It is calculated using 42.14% of BRI rather than 44.74%.

Note: Exact language: For purposes of this Section 7 only, the Salary Cap shall be calculated in accordance with Article VII, Section 2, except that the
percentage of Projected BRI to be utilized for such calculation shall be forty-two and fourteen one hundredths percent (42.14%) for all Salary Cap
Years.

Front 48

When may 10-day contracts be entered, and how long do they last?

II(9)(a)

Back 48

Beginning on January 5th (or the first business day after that), teams can enter a contract that lasts the longer of 10 days or 3 games. Player gets the minimum salary for that period.

Front 49

Limitations on 10 day contracts

II(9)(b-d)

Back 49

1. Can't enter more than 2 10-day contracts with the same player during one season.
2. Can't have more 10 day contracts than players on the inactive list, EXCEPT...
3. If you have 13 players on the active list, you can have one more 10 day contract than players on the inactive list. E.g., 13 players on active list, 2 on inactive, then can have 3 on 10-day.
4. Can't enter a 10-day contract that would extend to or past the last regular season game.

Front 50

Waiver Procedure for 10-day

II(9)(e)

Back 50

Just have to provide written notice to the player. Don't have to go through the waiver process.

Front 51

Rest of Season Contract

II(10)(a-b)

Back 51

Just what it says. At any time after the first day of the regular season, a team can enter a contract with a player that only encompasses the rest of that season, at a prorated minimum salary.

Front 52

Limits on the amount of signing bonuses

II(11)(a)(i)

Back 52

1. Cannot exceed 15% of the total Compensation in the contract (not including incentives)
2. Offer Sheets to restricted free agents: Can't exceed 10% of the total Compensation in the contract (not including incentives)

Front 53

Return of signing bonus if player holds out

II(11)(a)(ii)

Back 53

If a player holds out, the team is entitled to a return of the signing bonus in the amount of the number of games missed divided by total number of games to be played under the contract (exclusive of any options years).

Example: Player holds out for 41 games of his 4-year contract, player has to return 1/8 of signing bonus.

Front 54

Bonuses for off-season workouts: length of time

II(11)(b)(i)

Back 54

Bonus can be contingent upon a player participating in off-season workouts, but those workouts can be longer than 2 weeks.

Note: Can include summer league.

Front 55

Other ways for player to get off-season workout bonus (if Team/Player agree)

II(11)(b)(ii)

Back 55

1. Team can just decide to waive the requirement in writing. (Note, still counts as off-season workout bonus for other purposes if this happens.)
2. Player plays or trains with his national team.
3. Player has an injury/illness that prevents his from participating in off-season workouts

Front 56

Reasonable chance to earn the off-season workout bonus

II(11)(b)(iii)

Back 56

Team must provide player with the dates, times, and location(s) at which the off-season workouts are to be performed. Failure to do so constitutes a waiver of the requirement, and the player gets his bonus even if he doesn't show up.

Front 57

Post-2011 CBA limitations on amount of workout bonus

II(11)(b)(iv)

Back 57

Off-season workout bonus can't exceed 20% of player's Base Compensation

Front 58

Roster bonuses

II(11)(c)

Back 58

Are not allowed for post 2011-CBA contracts.

Language: Can't have "a bonus for the player being on a Team’s roster as of a specified date or for a specified duration, or for the player dressing in uniform for or being eligible to play in a specified number of games."

Front 59

Modifications to Incentive Compensation

II(11)(d)

Back 59

Are not allowed.

Language: Team/Player "shall not be permitted at any time to amend the Contract to modify the conditions that the player must satisfy in order to earn all or any portion of such Incentive Compensation."

Front 60

Oral or Written Agreements to contracts; notification of league/NBAPA

II(12)(a)(i)

Back 60

NBA must be notified by fax or email with all the economic terms of the contract. The contract must be reduced to writing in a UPC as soon as possible.

Note: Subject to the Moratorium Period
Note: NBA must provide Players' Association with a copy of an executed UPC within 2 business days by fax or email.

Front 61

Are Oral/Written agreements that are not yet recorded in executed UPC binding?

II(12)(a)(ii)

Back 61

No. It's only binding on team/player after UPC has been executed.

Of course, breaking one's word on an informal agreement is terrible business practice, especially for teams. But Carlos Boozer did it.

Front 62

Effect of failure to commit terms of contract to a UPC as soon as possible

II(12)(a)(iii)

Back 62

May be considered evidence team circumvented the cap. (Article XIII)

E.g., team/player agree to a 1 year deal, but orally agree player will be re-signed the next year at much higher salary. Failure to include this second part in UPC (which of course would be voided by the commissioner's office) can be evidence of circumventing the cap.

Front 63

Effect of not being signed to a UPC

II(12)(b)

Back 63

Player cannot participate in training camp, practice, or games.

Front 64

Form of payment under UPC

II(12)(c-d)

Back 64

Must be by check or direct deposit to player's bank account.

Front 65

Payment to player's agent, attorney, or representative

II(12)(d)

Back 65

No such direct or indirect payments of money, property, investments, or anything of value may be made to an agent for his fees.

Player cannot assign his compensation to any third party.

Note: Player can still have a team send his regular paycheck (payable to him) to the agent if he instructs the team to do so in writing.

Front 66

Minimum amount of salary that must be paid via the normal payment schedule

II(12)(e)

Back 66

20% of the salary must be paid bi-weekly over the course of either the season or year.

Note: excludes likely bonuses/trade bonuses.

Front 67

Earliest player may be paid for a given season

II(12)(f)

Back 67

Player can't be paid anything for the season prior to the preceding July 1.

Front 68

Rules governing an Exhibit 6

II(h)(i-iii)

Back 68

1. Player must report for physical at time designated by team, which can't be any later than 3rd business day after contract is executed.
2. Player must submit to all exams and tests and provide all info reasonably requested of him, and be truthful in so doing.
3. Team has sole discretion to determine whether player passed his physical.
4. Team has until 6th business day after contract is executed to inform player he failed the physical.
5. Failure of physical means player does not meet condition precedent and contract doesn't go into effect.

Note: Player can't participate in training camp, practice, or game until he passes his physical if there's an Exhibit 6.

Note: Required Tender or Qualifying Offer may contain an Exhibit 6, which is deemed revoked if player doesn't pass.

Front 69

Player's duty to disclose injury, illness, or condition

II(12)(i)

Back 69

If player has an injury, illness, or condition that would likely make him unable to play, he cannot enter into a contract without disclosing that to the team in writing beforehand.

Front 70

Ways a contract may be voided shortly after signing

II(13)

Back 70

1. Commissioner disapproves
2. Player fails his physical
3. Sign and trade is not approved

Front 71

Effect of voided contract

II(13)

Back 71

1. Team retains any rights it had to the player prior to the signing of the contract.
2. Any Required Tender or Qualifying Offer remains in effect (even if it has expired after the contract is executed) for no fewer than 6 business days after contract is voided.
3. Player cannot accept a the RT or QO for 2 business days after he received notice he failed the physical, during which team can withdraw RT or QO.
4. If RT or QO is not withdrawn within those 2 business days, it remains in effect sans Exhibit 6 and can be accepted by the player.

Front 72

Allowable transactions during the Moratorium period

II(14)

Back 72

Teams generally can't enter contracts, with the following exceptions:

1. Player may accept Required Tender, Qualifying Offer, or Maximum Qualifying Offer;
2. Player/team can negotiate terms of a contract to be entered after Moratorium period (but not actually enter one)
3. 1st rounders can agree to Rookie Scale contracts
4. Players can sign minimum contracts (no bonuses) up to 2 years long.

Likely reason: These contracts have already-defined amounts and are not contingent upon any calculations being made during the moratorium.