Inanna
Cat Lady
Your coffee must taste awful.
Confirmed with Link: Jets sign Kevin He to 3 year ELC
- Thread starter CorgisPer60
- Start date
- Jun 10, 2014
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No, the signing bonus is applied to each year of the ELC.
Entry-Level Contract
Signed By: Kevin CheveldayoffLength: 3 years
Value: $2,925,000
Expiry Status: RFA
Cap %: 1.1
Signing Team: Winnipeg Jets
Signing Date: Dec. 17, 2024
Kevin He signed a three-year entry-level contract with the Winnipeg Jets, becoming the first Chinese-born player to sign an NHL contract. The 18-year-old forward captains the OHL's Niagara IceDogs and is enjoying a breakout season with 43 points in 29 games.
| Season | Clause | Cap Hit | AAV | P. Bonuses | S. Bonuses | Base Salary | Total Salary | Minors Salary |
|---|---|---|---|---|---|---|---|---|
| 2024-25 | $975,000 | $975,000 | $0 | $95,000 | $880,000 | $975,000 | $82,500 | |
| 2025-26 | $975,000 | $975,000 | $0 | $95,000 | $880,000 | $975,000 | $82,500 | |
| 2026-27 | $975,000 | $975,000 | $0 | $95,000 | $880,000 | $975,000 | $82,500 | |
| TOTAL | $2,925,000 | $0 | $285,000 | $2,640,000 | $2,925,000 | $247,500 |
Apparently He would be the first player in the NHL with a 2 letter name on the Jersey. Another first for He if he gets to the big show.
The player still gets the annual signing bonus if the contract slides...but he only gets 3 signing bonuses. So if it slides one year, he doesn't get $95,000 in year 4 (and his cap hit would only be the base $880,000 in that 4th year).
It's not fuzzy. Player signs ELC. He gets year 1 signing bonus. If the contract slides to year 2, he gets year 2 signing bonus. At that point the contract can't slide anymore so in year 3 player gets his year 3 signing bonus and is paid his 1st year AHL or NHL salary. Year 4 and 5, no more signing bonus as they have all been paid out, but player gets his year 2 and 3 AHL or NHL salary. Any performance bonuses are usually tilted to year 2 and 3 of the ELC to make them more achievable and to offset no signing bonus if the contract has slid for 2 years.
- Jun 10, 2014
- 59,247
- 32,040
So he might not get that while playing the last 2 years of his ELC, if it slides that far. Still nice for the player, to be getting that $$ while he is in Jr earning chicken feed. Explains his incentive to sign now. Team's incentive is being able to slide that contract and to reward the player.
PhilJets
Winnipeg is Good
As of now Yager is likely our best chance at a top 6 center. Unlikely a true #1 center, but you never know for sure.
DEANYOUNGBLOOD17
Registered User
- May 10, 2011
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If He is a career AHL player that means He will get ….
This year - year 1 = 95k/ Niagra
Year 2= 95k in the ohl next year
Year 3 = $180k - 1 st year in AHL
Year 4 = $85k on moose / AHL
Year 5 = $$85k on moose /AHL
All $ in Us$ meaning add 40 %
Five year total of $540 k US dollars minimum.
This also means that He is going to be paid $130-140 k (Canadian) for this year and next to play and captain the Niagra OHL team.
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- Jun 10, 2014
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I don't think so. His ELC calls for 3 signing bonuses totaling $285k. All NHL contracts are in $US. The $C is at .7 $US so 85k = $121,428 $C.
ERYX
'Pegger in Exile
Actually, unfiltered coffee tastes just like filtered coffee, it's just the texture that's off.
DEANYOUNGBLOOD17
Registered User
- May 10, 2011
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Your math is wrong this is todays exchange rate on $95k Us into Canadian!!!!
The first 2 seasons he will not see any of his $85 k salary and will recieve only his $95 k signing bonus as He will slide 2 full years.
He will only receive both his salary $85k and and 1 of 3 yearly signing bonuses $95k in his third year.
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Buffdog
Registered User
- Feb 13, 2019
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My math was not wrong. I used 85k where I should have used 95k. GIGO.
Still don't know why you even bring up exchange rate.
The error was in your earlier post where you said he would receive 5 signing bonuses because the ELC would slide 2 years. His contract calls for 3 signing bonuses.
DEANYOUNGBLOOD17
Registered User
- May 10, 2011
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You say your math skills are not wrong / instead your state it is your reading and comprehension skills are wrong instead.My math was not wrong. I used 85k where I should have used 95k. GIGO.
Still don't know why you even bring up exchange rate.
The error was in your earlier post where you said he would receive 5 signing bonuses because the ELC would slide 2 years. His contract calls for 3 signing bonuses.
Either way the bottom line is you were wrong.
5 year signing Bonus = comprehensive misunderstanding. I never said 5 year signing bonus.
ELC are 3 years and only go 5 years if it slides twice… but signing bonus is capped at 3 years….
You have already admitted your mistake of counting his $85 k Salary instead of accounting for his $95 k signing bonus for the first 2 years before the $85k Salary starts ….. as I clearly state the only year he would recieve both his salary and signing bonus is in year 3.
I’m not calling you out or want to discuss further ….. but I’m just being specific and stating exactly what I said.
- Mar 10, 2010
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My son has a player on his high school team with two letters (Ng). Born a Canadian just like my son and he’s a great kid from a great family who loves hockey but man does he get have to endure the racial slurs on the ice allot. Love hockey but it does attract allot of meat heads.
- Jun 10, 2014
- 59,247
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Yup. Right you are. I misread your post. I guess I will just go stand in the corner.
ERYX
'Pegger in Exile
Yeah and I continued the joke by pretending to take it seriously. I appreciate that dry humour does not work well online.
