Signing bonus and Wages on ELC,s

[fredrikstad]

Hello
I just wonder how this works on a ELC. Let's say a player get 85k as signing bonus, and his minor salary is 80k. And then spend the whole year in the AHL, would he then already been paid for the whole year, and then have to be very structured and follow a strictly budget. Or would the minor salary come on top of the SB? Would the player get a weekly pay check, like players on standard contracts?
Hope this question make some sense, English is not my first language, as you have already guessed

 

[LadyStanley]

Players get paid twice a month, not weekly. (1st and 15th of the month, IIRC)

Signing bonus is separate from salary. So minimum payment in first (pro) year would be $85+80 = $165k

Signing bonus usually counts against cap in first year (even though it is nominally paid when contract is signed), IIRC. (It all depends on how contract is set up)

 

[royals119]

Minus the amounts withheld for escrow, taxes, agent fees, etc - so he doesn't actually get a check for $85K or biweekly checks for $80k/30 (or whatever number of weeks it is).

 

[mouser]

Players get paid twice a month, not weekly. (1st and 15th of the month, IIRC)

Signing bonus is separate from salary. So minimum payment in first (pro) year would be $85+80 = $165k

Signing bonus usually counts against cap in first year (even though it is nominally paid when contract is signed), IIRC. (It all depends on how contract is set up)

Signing bonuses are paid out in the year the signing bonus is for, not when the contract is signed. For most ELC's that means $92.5k signing bonus paid in each year of the contract.

Signing bonuses only count against the cap if the player plays in the NHL, and then only at a % equal to the % of days the player is on a NHL roster that season.

 

[fredrikstad]

Thank you very much for your answers. Cleared up a lot for me.