Common use of Compensation Terms Clause in Contracts

Compensation Terms. (i) Subject to Subsection (iv) below, Rookies drafted in the first round may contract for only the following types of compensation: (1) Rookie Salary, (2) minimum o ffseason workout per diem commencing in the contract's second season; and (3) the Fifth-Year Option as des cribed in Section 7 below. ▇▇▇▇▇▇▇ drafted in the second round may contract for only the following types of compensation: (1) Rookie Salary; and (2) minimum o ffseason workout per diem commencing in the contract's second season. ▇▇▇▇▇▇▇ drafted in the third through seventh round may contract for only the following types of compensation: (1) Rookie Salary, (2) minimum offseason workout per diem commencing in the contract's second season; and (3) the Proven Performance Escalator as described in Section 4 below. (ii) Subject to Subsection (iv) below, Undrafted Rookies may contract for only the following typ es of compensation: (1) Rookie Salary, (2) minimum offseason workout per diem commencing in the contract's second season, and (3) the applicable Minimum Salary for players on the Club's Active/Inactive List Salary and/or the appli­ cable Minimum Salary for players not on the Club's Active/Inactive List.

Appears in 2 contracts

Sources: Collective Bargaining Agreement, Collective Bargaining Agreement