Compensation Limitation. An out-of-contract Player whose Salary Budget Charge exceeded the Maximum Salary Budget Charge for the immediately preceding League Season, and whose Salary Budget Charge for the next League Season, based on an offer from his current Team, will also exceed the Maximum Salary Budget Charge, will not be eligible for Free Agency. An out-of-contract Player whose Salary Budget Charge exceeded the Maximum Base Salary for the immediately preceding League Season, and whose current Team did not make him an offer in excess of the Maximum Salary Budget Charge, may go through Free Agency provided that he agrees to a new SPA that results in his Salary Budget Charge being less than the Maximum Salary Budget Charge.
Appears in 3 contracts
Sources: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement