Luis Amundson

[Glenn Robinson]

We would like to announce that Luis Amundson has agreed to sign with the Chicago Bulls for :

Year 1: $500,000
Year 2: $1,000,000
Year 3: $1,500,000 (Player Option)

Total: $3,000,000

Luis is happy to be joining a strong contender in the East.

[Danny Longley]

Not to be a twat, but is this contract legal? because I've been browsing around the rules, and while it's a small contract and probably shouldn't bother me as much, it doesn't exactly follow this particular rule.

The maximum an offered salary can increase/decrease per year is by 11% of the initial offer.
For instance, if a team offers a $10,000,000 contract, the most they may offer in the second year is $11,100,000. The most they may offer in the third year is £12,321,000 ($11,100,000 + 11% of $11.5m) and so on.

Or is there some other rule governing under 1m contracts? I'm just bringing it up cause it would open the gates for a lot of back-loaded deals.

[Glenn Robinson]

I wouldn't really consider it a back loaded deal, especially since it's a player option year in which Chicago's salary situation will be much different then it is now. And he's only increasing by 500,000 each year.

[Danny Longley]

well yeah, it's only 500,000. But it's still way over the 11% limit that the rule states since it's increasing 100% every year.

[Glenn Robinson]

Well I assumed it passed since Ian put him in the database already. It's already hard enough keeping up with all the offers in free agency, it's up to the GM's offering money to free agents that it's the correct amount because us player agents have a bunch of other stuff to worry about. We'll have to see what Ian says about this.

[Walt Frazier]

Glenn, I know you're new but this

it's up to the GM's offering money to free agents that it's the correct amount because us player agents have a bunch of other stuff to worry about.

is not OK. It is hard being a Player Agent, but you gotta do your job right.

I think there should probably be an amendment that says a salary can increase by 500k OR 11%, whichever is larger.

[Ian Noble]

I've amended the OSFA regulations:

The maximum an offered salary can increase/decrease per year is by 11% of the initial offer or the league minimum salary.

$500,000 is close enough to the league minimum for me to allow this deal to stay as it is, but all future offers must stick to the league minimum.

[Danny Longley]

I wouldn't be against an amendment like that, considering that it would only really matter up to the current MLE. Cause to be honest, this is a pretty harmless contract, just really afraid of what gates it could open.

[Glenn Robinson]

is not OK. It is hard being a Player Agent, but you gotta do your job right.

Seriously Walt?

[Walt Frazier]

Nov 24, 2012 14:12:13 GMT Glenn Robinson said:

is not OK. It is hard being a Player Agent, but you gotta do your job right.

Seriously Walt?

Glenn, I formally apologize here. I probably stepped out of line a little bit posting that in this thread.

Sorry.

[Walt Frazier]

Nov 24, 2012 13:58:51 GMT Ian Noble said:

I've amended the OSFA regulations:

The maximum an offered salary can increase/decrease per year is by 11% of the initial offer or the league minimum salary.

$500,000 is close enough to the league minimum for me to allow this deal to stay as it is, but all future offers must stick to the league minimum.

I like the amendment, good deal. Harmless thing really, but eliminates any small questions there could be about an offer like this.

[Alex English]

I always understood that it was a maximum of 11% or 500k increases, whichever is greater. Wasn't that the rule in the old D5?