Annual Salary Increases and Decreases. (1) Except as otherwise provided in this Agreement, for each Season of a Player Contract after the first Season, the player’s Salary may increase or decrease in relation to the previous Season’s Salary by no more than 2% of the Base Salary for the first Season of the Contract. (2) With respect to an Extension (other than an Extension of a Rookie Scale Contract), and notwithstanding Section (3)(c)(1) above and (3)(c)(3) below, for each Season of such Player Contract after the first Season of the extended term, the player’s Salary may increase or decrease in relation to the previous Season’s Salary by no more than 2% of the Base Salary for the last Season of the original term of the Contract. (3) With respect to an Extension of a Rookie Scale Contract, and notwithstanding Section (3)(c)(1) and (3)(c)(2) above, for each Season of such Player Contract after the first Season of the extended term, the player’s Salary may increase or decrease in relation to the previous Season’s Salary by no more than 2% of the Base Salary for the first Season of the extended term of the Contract. (4) In the event that the Growth Factor (as that term is defined in Section 1(e) above) applicable to two of the 2015, 2016 or 2017 Salary Cap Years is greater than two percent (2%) (an “Annual Increase Triggering Event”), the maximum annual increases and decreases pursuant to subsections (1) – (3) above shall increase from two percent (2%) to three percent (3%) beginning with the 2017 Salary Cap Year.
Appears in 4 contracts
Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement
