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In Case You Were Wondering…
by Paul on 05/15/08 at 02:41 PM ET
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from Rand Simon at the Hockey News,
As per the collective bargaining agreement, in order to protect its right to match an offer sheet and receive draft pick compensation if choosing not to match, an NHL team must tender a qualifying offer no later than June 25.
In order to be deemed proper, the qualifying offer must be for an amount at least equal to the player’s 2007-08 compensation for those who made $1 million or more this past season in base salary.
For players making less than $1 million but more than $660,000, the qualifying offer must be for 105 percent of the player’s ‘07-08 salary. However, the qualifying offer does not have to exceed $1 million if, for example, the player was making $990,000 in ‘07-08. That player’s qualifying offer would be $1 million.
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