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Topic:
Long-Term Contracts (10 Posts)
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Date:
March 02, 2014 11:22AM
Long-Term Contracts
Greg Tamer - March 02, 2014 11:22AM
Please announce your LTC signings within this thread.

Deadline to announce is the first pitch of the first 2014 MLB game. Yes, the first game in Australia.

Given they signed TWO players to LTCs last year, the Pale Hose and Outlaws cannot sign a player to a LTC this year, per the Constitution.

Long-Term Contract rules:
4.5 - Long Term Contracts

4.5.1 - After the draft (but before the season), a team may sign zero, one or two players (a "Contracted Player" ) to a long-term contract.

4.5.2 - Contracted Players are retained for two years beyond the current year, with no further salary increase. Example: after the 2005 draft, the Halifax Whitecaps sign Todd Helton to a Long Term Contract. Helton will then be eligible to remain with the Whitecaps (or his new team if he is traded) for 2005, 2006, and 2007 at his current salary of $53.

4.5.3 - The Contracted Player may be released at any time, but the owning team will be penalized the amount of the contracted player's normal salary increase (only the increase, not the entire salary) for the each remaining of the contract. Example : after the 2005 season, Todd Helton is proclaimed King of Albania and leaves baseball for Tirana to assume the throne. When he is cut by the Whitecaps, they will suffer a waiver penalty of $8 in 2006 ($53 * .15 = $7.95, rounded up to $8) and $10 in 2007 ($61 * .15 = $9.15, rounded up to $10).

4.5.4 - Any team which signs two players to Long Term Contracts in one off-season may not sign any in the following off-season.

4.5.5 - Once the Contracted Player's contract expires (three complete seasons after signing the contract), hebecomes a free agent and must be released prior to the Free Agent Draft. His current team may not retain him (unless they bid on him in the draft, like everybody else).



Edited 1 time(s). Last edit at 03/02/2014 11:22AM by Greg Tamer.
Re: Long-Term Contracts
craigburley - March 02, 2014 03:00PM
May I announce LTC signings now with the understanding that they can be withdrawn before the deadline (4am Eastern Time on March 22)? I think this is the standard practice.
Re: Long-Term Contracts
charles - March 05, 2014 08:08AM
Did we decide that LTC signings can be announced and then revoked prior to the deadline?
Re: Long-Term Contracts
Greg Tamer - March 05, 2014 08:09PM
Sure.
Re: Long-Term Contracts
PhilAustin - March 13, 2014 05:58AM
CC Canons would like to offer Clayton Kershaw a LTC
Re: Long-Term Contracts
Michael Phillips - March 13, 2014 06:55AM
Alston Terriers would like to offer LTC to Max Scherzer
Re: Long-Term Contracts
Keith G - March 15, 2014 08:24AM
Aces will sign Brian McCann to a long term deal, pending his surviving spring training...
Re: Long-Term Contracts
Gaelan - March 15, 2014 11:43AM
The Hares will sign David Wright to a longterm contract.
Re: Long-Term Contracts
charles - March 17, 2014 07:06AM
Heroes extend Evan Longoria.
Re: Long-Term Contracts
craigburley - March 17, 2014 07:32AM
Whitecaps sign Cole Hamels to a Long Term Contract.

Whitecaps sign Jose Bautista to a Long Term Contract.
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