Kukla's Korner Hockey
Signing Bonus?
by Paul on 07/06/07 at 07:20 AM ET
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via the Denver Post,
Here is the breakdown of the five-year contract signed by Ryan Smyth with the Avalanche on Sunday:
Smyth will make a base salary of $5 million this season, and he received an additional $2.5 million signing bonus. His salary for the following four years will be $7.25 million, $6.5 million, $5.5 million and $4.5 million. His averaged salary cap number for the full term is $6.25 million.
First I have heard of a player receiving a signing bonus, not sure if this would be the proper term? CBA experts feel free to chime in…
Filed in: Colorado Avalanche | KK Hockey | Permalink
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