Signing Bonuses. (1) Amounts Treated as Signing Bonuses: For purposes of determining a player’s Salary, the term “signing bonus” shall include: (i) any amount provided for in a Player Contract that is earned upon the signing of such Contract; (ii) any Option Buy-out Amount; (iii) at the time of an assignment of a Player Contract, any amount that, under the terms of the Contract, is earned in the form of a bonus upon assignment of the Contract; and (iv) payments in excess of $350,000 with respect to foreign players, in accordance with Section 3(e) below.
Appears in 2 contracts
Sources: Collective Bargaining Agreement, Collective Bargaining Agreement