Re: J.Williams/The Cap

[Kim Malo <kmalo19@idt.net>]

At 07:21 AM 5/8/98 -0700, "Greg Odegaard" <gmodegaa@longvred.rmc.com> wrote:
>OK now that I have jumped on the sign Jayson bandwagon, what contract and
>cap space will it take?
<snip>
>To use Warwicks possible cap space of 8MM+, I assume we could offer someone
>this contract:
>
>Year 1:	8MM
>        2:	9.6
>        3:	11.5
>        4:	13.8
>        5:	16.6
>        6:	19.9
>        7:	23.9
>Total:  103.3MM
>
>This assumes the 20% annual increase, compounded each year 			

Yeah, but the problem is that it doesn't compound. I thought so too and got
corrected on that. A relevant portion from Tony Minkoff's Salary Cap FAQ says:

  15. MY TEAM HAS $X AVAILABLE UNDER THE CAP, BUT THEY JUST OFFERED A
>FREE  AGENT A CONTRACT AVERAGING $Y PER YEAR, AND Y IS MORE THAN X.
>HOW IS THIS  POSSIBLE?

>---------------------------------------------------------------------------
>Only the starting salary must fit under the cap. The salary can then
>increase at up to 20% per year. For example, if the team has $5
>million available under the cap, they can offer a player a 4-year
>contract paying $5 million in the first year, $6 million in the second
>year, $7 million in the third year, and $8 in the fourth year, for a
>total of $25 million, and an average of $6.5 million.

>---------------------------------------------------------------------------

SO it would actually go:

$8
$9.6
$11.2
$12.8
$14.4
$16
$17.6
TOTAL -$76.8

-Kim
Kim Malo
kmalo19@idt.net