Contract Extensions

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Contract Extensions
Here is where to post Contract Extensions.
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P. A manager may extend a player’s free agent contract (contract F) for up to five years in length, provided the player’s current contract was generated in free agency. Use the following cost structure for X (extended) contracts:

1-3 Years: $5,000,000 per year or current player contract times 1.1 annually
4 Years: $6,000,000 per year or current player contract times 1.15 annually
5 Years: $7,000,000 per year or current player contract times 1.2 annually
***Note: For each calculation above use the quantity that is GREATER.

Q. This contract extension option may be exercised anytime between the original signing of the free agent contract and September 30th during the final season of the contract. In essence, the player refuses to negotiate shortly before free agency begins. The team must have the annual amount of the extension available to honor the contract prior to September 30th.

R. A player that has been signed to a contract extension cannot be traded until July of the final year of the extended contract. This is intended to emulate a player agreeing to a contract extension in return for a no-trade clause.

S. Only contracts that were GENERATED from free agency can be extended. This means L and X contracts CAN NOT be extended.

T. To represent the player’s newly extended contract string the total amount of the initial contract is added to the total amount spent on the extension. For instance, if a player on a (F2,3-15M) contract is extended for 3 years, the new contract string would look like this: (X1,5-26.5M) [the two years remaining on the existing contract, added to the 3 year extension equals 5 years; the new contract is in its first year; $10,000,000 remaining on the initial contract plus $16,500,000 for the extension equals $26,500,000 - thus, (X1,5-26.5M)]
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