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Please announce your LTC signings within this thread.
Deadline to announce is the first pitch of the first 2015 MLB game.
Given they signed TWO players to LTCs last year, the Whitecaps 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 03/13/2015 09:15PM by Greg Tamer.
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