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Signing Bonus?

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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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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