Kukla's Korner

Kukla's Korner Hockey

Breaking Down A Contract

I thought this would be a good example of how a contract looks for a very recent signing. The contract is for Alexander Steen who was signed today by the Toronto Maple Leafs. Season-- Compensation-- Base Salary-- Signing Bonus-- Minor League Salary 2005-06-- $720,180-------- $450,000------- $270,180-------- $70,300 2006-07-- $770,180-------- $500,000------- $270,180-------- $70,300 2007-08-- $870,180-------- $600,000------- $270,180-------- $70,300 Most Recently Signed Contract Details Signing Bonus Player will be paid a signing bonus of $810,540 payable as follows: $135,090 payable upon execution of contract $135,090 payable April 15, 2006 $135,090 payable October 15, 2006 $135,090 payable April 15, 2007 $135,090 payable October 15, 2007 $135,090 payable April 15, 2008 Player shall receive a one time payment of $180,420 after playing in 82 NHL Regular Season games during the 2005/06 Season. Player shall receive $32,605 after playing in 20, 40, 60 and 80 NHL Regular Season games during the 2006/07 Season. Player shall receive $15,210 after playing in 20 and 40 NHL Regular Season games during the 2007/08 Season. Parental Travel Club shall pay the reasonable and pre-approved travel expenses (round trip economy airfare, accommodations, game tickets) for Player's parents to see one (1) game in the Player's first NHL season. ($5,000 U.S. limit to this item). Individual "B" Bonuses If achieved, player is eligible for individual bonuses paid by the league Special thanks to a reader of Kukla's Korner for providing this information.

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About Kukla's Korner Hockey

Paul Kukla founded Kukla’s Korner in 2005 and the site has since become the must-read site on the ‘net for all the latest happenings around the NHL.

From breaking news to in-depth stories around the league, KK Hockey is updated with fresh stories all day long and will bring you the latest news as quickly as possible.

Email Paul anytime at pk@kuklaskorner.com

 

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