Yikes - just realized the rules of Endorsement deals are not stickied, and the old post is buried deep in the archives (if there at all).
To answer the questions at hand:
- the rules indicate teams must give notice of cancellation of an Endorsement deal before their 42 game of the season, but given the lack of reminders on this rule and the fact we have a few new GMs, we'll extend the period until next Saturday, February 21st at noon.
- all notices of Endorsement cancellations should be sent to me (
[email protected]) with the subject title "HFNHL Endorsement" notice
- players and prospects eligible for awards have to be with the team for the entire season
Here are the rules as communcated before the season began:
HFNHL Endorsements will be added to HFNHL team’s revenue in order to help provide extra income for rising salaries. There are four different types of endorsement deals teams can choose from. No team is obligated to enter into an endorsement deal, it is simply a way for each team to try and earn extra revenue.
<b>1. Broadcast Deals:</b> will allow each team the opportunity to make extra money by signing a T.V. deal with a major network. Extra revenue from this source will depend upon the quality of their respective club and the fans desire to watch them play.
<b>2. Merchandise Deals:</b> are run under a very simple principle. The better the team does, the more fans it attracts. The more fans a team attracts, the more merchandise a team will be able to sell.
<b>3. Team Endorsements:</b> are available to all clubs willing to gamble on the team’s upcoming season. They can be thought of as “Corporate Sponsorships†in which a company aligns itself with a team for exposure to the hockey public. Certain companies want to be associated with certain types of teams and some have different expectations (and revenues) than others.
<b>4. Individual Endorsements:</b> are essentially players endorsing specific products. The only difference between this and real life is the team gets the money not the player.
Teams are rewarded for their player’s individual accomplishments. Individual performances only apply to players and prospects that are with your team for the entire season.
Each team has the opportunity to enter into ONE Broadcast Deal, ONE Merchandise Deal, and any combination of TWO Team Endorsements or Individual Endorsements.
<b>Commitment and Risk</b>
To enter into an agreement you must make a commitment and pay the “Cost†fee before the start of the season. This money comes out of your team’s budget immediately. You may cancel your endorsement deal anytime BEFORE your 42nd regular season game is played, however you will only receive 50% of the “Cost†fee back. If you cancel an endorsement deal at any time during the season you CAN NOT sign the SAME deal again the following season.
So these deals are not without risks. As teams could actually lose money on these deals if they don’t plan properly in anticipation of their team’s and players performances. The system is also designed so that the higher the risk, the higher the revenue.
<b>Submissions & Payout</b>
Each General Manager will be required to submit their Endorsement commitments before the season begins. At the end of the season, each General Manager who qualifies for any of their Endorsement Deals must submit a detailed account of which obligations were met, and the statistical proof of the achievement.