Thread: What happens to player contracts ?

Originally Posted by Finn

No they don't.

And that's the part that has my interest, I would really love to see a contract (fat chance I know) to see the wording that allows for this...Or is it part of the now no existent CBA ?

Bring back Val Bure y'all

Originally Posted by Finn:2606199

Originally Posted by AngryKing

Do the players still get paid during the lockout?

No they don't.

I would be pissed missing out on 2 or 3 million.

What interests me is how they handle longer term contracts if the owners get their 5-year limits on contracts. Does it affect contracts already in force? If so how? Lets say you have a guy who has already played 4 or more years of his long-term contract. Throw in a "lost year" if we don't play this season. Now when we do play again, how long will this guy still be under contract, or is he out of contract because he's already exceeded 5 years?

Originally Posted by P. Diddy

Bring back Val Bure y'all

Easy enough to find him. I hear he coaches peewee AA now for the Jr. Kings down at TSC.

Almost certain that the year still has to be served. If memory recalls, Yashin tried to say he was a free agent after the last lockout because his contract said something about so and so years. A judge said that it's years of service. Not years in general. A five year deal with a missed year because of a lockout doesn't turn into a four year deal. If they were being paid, then sure...it would be that way. Since there is not payment being made, and no services being rendered, the contracts are still what they are.

OK lets forget about whether the "lost year" issue for a minute. How about the guy who has a 10 year contract and has alread played 5 years of it prior to the lockout. With the league intending to limit all contracts to a maximum of 5 years, is this guy now a free agent or does he still have 5 years left? Seems like there will have to be some kind of plan for this situation.

Originally Posted by DeaderFan

OK lets forget about whether the "lost year" issue for a minute. How about the guy who has a 10 year contract and has alread played 5 years of it prior to the lockout. With the league intending to limit all contracts to a maximum of 5 years, is this guy now a free agent or does he still have 5 years left? Seems like there will have to be some kind of plan for this situation.

There are a lot of issues like this that will need to be addressed depending on how the new CBA looks. Since we don't know what the new CBA will look like (esp. with respect to this particular issue), we can only guess what they might do with existing contracts. My guess is that, in order to get the PA to agree to a limit on contract length, the league will have to agree that the limit will not apply to existing contracts. But who knows?

Originally Posted by pg1067

There are a lot of issues like this that will need to be addressed depending on how the new CBA looks. Since we don't know what the new CBA will look like (esp. with respect to this particular issue), we can only guess what they might do with existing contracts. My guess is that, in order to get the PA to agree to a limit on contract length, the league will have to agree that the limit will not apply to existing contracts. But who knows?

Yeah. I can't imagine they wouldn't just be grandfathered in. There's no way they couldn't. Consider a contract like Shea Webers as an example. Suddenly it gets cut to 10 years, but what's the monetary value? What happens to the signing bonus that he got this year? How does that get factored into the overall contract? It just wouldn't work.