Common use of Minimum Player Salary Clause in Contracts

Minimum Player Salary. (a) Except with respect to 10-Day Contracts provided for in Section 9 below, Rest-of-Season Contracts provided for in Section 10 below, and Two-Way Contracts provided for in Section 11 below, no Player Contract shall provide for a Salary of less than the applicable scale amount contained in the Minimum Annual Salary Scale applicable for such Salary Cap Year. For the 2017-18 Salary Cap Year, the Minimum Annual Salary Scale is set forth as Exhibit C hereto. For each Salary Cap Year commencing with the 2018-19 Salary Cap Year, the Minimum Annual Salary Scale amounts shall be adjusted by applying the percentage increase (or decrease) in the Salary Cap from the preceding Salary Cap Year to the current Salary Cap Year. The Minimum Annual Salary Scale applicable to a player is determined by the Salary Cap Year encompassing the first Season covered by the player’s Contract. Accordingly, for example, if the first Season covered by a player’s Contract is the 2018-19 Season, then the Minimum Annual Salary Scale for the 2018-19 Salary Cap Year shall apply for each Season of the Contract. (b) No 10-Day Contract or Rest-of-Season Contract (as those terms are defined in Sections 9 and 10 below) shall provide for a Salary of less than the Minimum Player Salary applicable to that player. (c) In determining whether a Player Contract provides for a Salary of no less than the Minimum Player Salary applicable to that player, the allocation of a deemed signing bonus in respect of an “international player payment” in excess of the Excluded International Player Payment Amount for such Salary Cap Year as set forth in Article VII, Section 3(e) (but no other bonuses) shall be considered as part of the Salary provided for by a Player Contract, provided that such Player Contract makes clear that the Salary for each Season (including the allocation of any such deemed signing bonus) equals or exceeds the Minimum Player Salary for such Season. (d) On July 1, 2017, any Player Contract entered into before the effective date of this Agreement that is not terminated on or before June 30, 2017 and provides for a Salary for the 2017-18 Season or any future Season that is less than the applicable Minimum Player Salary for such Season as set forth in the Minimum Annual Salary Scale for the 2017-18 Salary Cap Year (attached as Exhibit C hereto) shall be deemed amended to provide for the applicable Minimum Player Salary for such Season(s) under such Minimum Annual Salary Scale based upon the player’s Years of Service for each of the applicable Seasons(s). On July 1 of each Salary Cap Year, any Player Contract (other than a Two-Way Contract) entered into on or after the effective date of this Agreement that provides for a Salary for the upcoming Season that is less than the applicable Minimum Player Salary based on the Minimum Annual Salary Scale applicable to the player shall be deemed amended to provide for the applicable Minimum Player Salary based on such Minimum Annual Salary Scale. (e) Nothing in this Section 6 shall alter the respective rights and liabilities of a player and a Team, as provided for in the Uniform Player Contract or in this Agreement, with respect to the termination of a Player Contract. (f) Every Contract entered into between a player and Team that is intended to provide for Compensation equal to the Minimum Player Salary (with no bonuses of any kind) for each Season must contain the following sentence in Exhibit 1A of such Contract and shall be deemed amended in the manner described in such sentence: “This Contract is intended to provide for a Base Compensation for the Season(s) equal to the Minimum Player Salary for such Season(s) (with no bonuses of any kind) and shall be deemed amended to the extent necessary to so provide.” The reference in the preceding sentence to “no bonuses of any kind” shall not be construed to limit the ability of a Team and player (i) to agree upon provisions entitling a player to earn Compensation if such player’s Uniform Player Contract is traded to another NBA team in accordance with Section 3(i) above, or (ii) to enter into a Contract with an Exhibit 10 Bonus, subject to the limitations in Section 3(q) above and Section 11(i) below. (g) A Uniform Player Contract (other than a Two-Way Contract) that provides in any Season for the player to earn Compensation not greater than his applicable Minimum Player Salary (with no bonuses of any kind) that, at the time the Contract is signed, is fully or partially protected for lack of skill and injury or illness may be amended to provide for the player to be paid a portion of his Compensation for such Season (the “Advance”), up to the Minimum Player Salary Advance Limit as defined below, prior to November 15 of such Season. The Minimum Player Salary Advance Limit for a Season shall equal the lesser of (i) eighty percent (80%) of the amount of the player’s Compensation for such Season that is protected for lack of skill and injury or illness, or (ii) seven and one half percent (7.5%) of the player’s Base Compensation for such Season. Any Advance paid to a player for a Season pursuant to the foregoing must be deducted in full from the first installment of Current Base Compensation (i.e., on November 15) and, if necessary after reducing in full the first installment, the second installment of Current Base Compensation (i.e., on December 1) for such Season that the player would have received pursuant to paragraph 3(a) of the Contract had there been no such Advance. To effectuate the requirement set forth in the preceding sentence, every such Contract that provides for an Advance must contain the following language (and only such language) under the “Payment Schedule” heading in Exhibit 1A with respect to each applicable Season: “Player’s Current Base Compensation with respect to the

Minimum Player Salary. (a) Except with respect to 10-Day Contracts provided for in Section 9 below, and Rest-of-Season Contracts provided for in Section 10 below, and Two-Way Contracts provided for in Section 11 below, no Player Contract shall provide for a Salary of less than the applicable scale amount contained in the Minimum Annual Salary Scale applicable for such Salary Cap Year. For the 2017-18 Salary Cap Year, the Minimum Annual Salary Scale is set forth as Exhibit C hereto. For each Salary Cap Year commencing with the 2018-19 Salary Cap Year, the Minimum Annual Salary Scale amounts shall be adjusted by applying the percentage increase (or decrease) in the Salary Cap from the preceding Salary Cap Year to the current Salary Cap Year. The Minimum Annual Salary Scale applicable to a player is determined by the Salary Cap Year encompassing the first Season covered by the player’s Contract. Accordingly, for example, if the first Season covered by a player’s Contract is the 2018-19 Season, then the Minimum Annual Salary Scale for the 2018-19 Salary Cap Year shall apply for each Season of the Contract. (b) No 10-Day Contract or Rest-of-Season Contract (as those terms are defined in Sections 9 and 10 below) shall provide for a Salary of less than the Minimum Player Salary applicable to that player. (c) In determining whether a Player Contract provides for a Salary of no less than satisfies the Minimum Player Salary applicable to that player, the allocation of a signing bonuses and deemed signing bonus in respect of an “international player payment” in excess of the Excluded International Player Payment Amount for such Salary Cap Year as set forth in Article VII, Section 3(e) bonuses (but no other bonuses) shall be considered as part of the Salary provided for by a Player Contract, provided that such Player Contract makes clear that the Salary for each Season (including the allocation of any such deemed signing bonusbonuses) equals or exceeds the Minimum Player Salary for such Season. (d) On July 1, 2017, any Player Contract entered into before the effective date of this Agreement that is not terminated on or before June 30, 2017 and provides for a Salary for the 2017-18 Season or any future Season that is less than the applicable Minimum Player Salary for such Season as set forth in the Minimum Annual Salary Scale for the 2017-18 Salary Cap Year (attached as Exhibit C hereto) shall be deemed amended to provide for the applicable Minimum Player Salary for such Season(s) under such Minimum Annual Salary Scale based upon the player’s Years of Service for each of the applicable Seasons(s). On July 1 of each Salary Cap Year, any Player Contract (other than a Two-Way Contract) whether entered into on before or after the effective date of this Agreement Agreement) that provides for a Salary for the upcoming Season that is less than the applicable Minimum Player Salary based on the Minimum Annual Salary Scale applicable to the player shall be deemed amended to provide for the applicable Minimum Player Salary based on such Minimum Annual Salary ScaleSalary. (e) Nothing in this Section 6 shall alter the respective rights and liabilities of a player and a Team, as provided for in the Uniform Player Contract or in this Agreement, with respect to the termination of a Player Contract. (f) Every Contract entered into between a player and Team that is intended to provide for Compensation equal to only the Minimum Player Salary (with no bonuses of any kindUnlikely Bonuses) for each Season one or more Seasons must contain the following sentence in Exhibit 1A of such Contract and shall be deemed amended in the manner described in such sentence: “This Contract is intended to provide for a Base Compensation Salary for the Season(s) equal to the Minimum Player Salary for such Season(s) (with no bonuses of any kindUnlikely Bonuses) and shall be deemed amended to the extent necessary to so provide.” The reference in the preceding sentence to “no bonuses of any kind” shall not be construed to limit the ability of a Team and player (i) to agree upon provisions entitling a player to earn Compensation if such player’s Uniform Player Contract is traded to another NBA team in accordance with Section 3(i) above, or (ii) to enter into a Contract with an Exhibit 10 Bonus, subject to the limitations in Section 3(q) above and Section 11(i) below. (g) A Uniform Player Contract (other than a Two-Way Contract) that provides in any Season for the player to earn Compensation not greater than his applicable Minimum Player Salary (with no bonuses of any kind) that, at the time the Contract is signed, is fully or partially protected for lack of skill and injury or illness may be amended to provide for the player to be paid a portion of his Compensation for such Season (the “Advance”), up to the Minimum Player Salary Advance Limit as defined below, prior to November 15 of such Season. The Minimum Player Salary Advance Limit for a Season shall equal the lesser of (i) eighty percent (80%) of the amount of the player’s Compensation for such Season that is protected for lack of skill and injury or illness, or (ii) seven and one half percent (7.5%) of the player’s Base Compensation for such Season. Any Advance paid to a player for a Season pursuant to the foregoing must be deducted in full from the first installment of Current Base Compensation (i.e., on November 15) and, if necessary after reducing in full the first installment, the second installment of Current Base Compensation (i.e., on December 1) for such Season that the player would have received pursuant to paragraph 3(a) of the Contract had there been no such Advance. To effectuate the requirement set forth in the preceding sentence, every such Contract that provides for an Advance must contain the following language (and only such language) under the “Payment Schedule” heading in Exhibit 1A with respect to each applicable Season: “Player’s Current Base Compensation with respect to the

Minimum Player Salary. (a) Except with respect to 10-Day Contracts provided for in Section 9 below, Rest-of-Season Contracts provided for in Section 10 below, and Two-Way Contracts provided for in Section 11 below, no Player Contract shall provide for a Salary of less than the applicable scale amount contained in the Minimum Annual Salary Scale applicable for such Salary Cap Year. For the 2017-18 Salary Cap Year, the Minimum Annual Salary Scale is set forth as Exhibit C hereto. For each Salary Cap Year commencing with the 2018-19 Salary Cap Year, the Minimum Annual Salary Scale amounts shall be adjusted by applying the percentage increase (or decrease) in the Salary Cap from the preceding Salary Cap Year to the current Salary Cap Year. The Minimum Annual Salary Scale applicable to a player player’s Contract is determined by the Salary Cap Year encompassing the first Season covered by the player’s Contract. Accordingly, for example, if the first Season covered by a player’s Contract is the 20182023-19 24 Season, then the Minimum Annual Salary Scale for the 20182023-19 24 Salary Cap Year shall apply for each Season of the Contract. (b) No 10-Day Contract or Rest-of-Season Contract (as those terms are defined in Sections 9 and 10 below) shall provide for a Salary of less than the Minimum Player Salary applicable to that player. (c) In determining whether a Player Contract provides for a Salary of no less than the Minimum Player Salary applicable to that player, the allocation of a deemed signing bonus in respect of an “international player payment” in excess of the Excluded International Player Payment Amount for such Salary Cap Year as set forth in Article VII, Section 3(e) (but no other bonuses) shall be considered as part of the Salary provided for by a Player Contract, provided that such Player Contract makes clear that the Salary for each Season (including the allocation of any such deemed signing bonus) equals or exceeds the Minimum Player Salary for such Season. (d) On July 1, 2017, any Player Contract entered into before the effective date of this Agreement that is not terminated on or before June 30, 2017 and provides for a Salary for the 2017-18 Season or any future Season that is less than the applicable Minimum Player Salary for such Season as set forth in the Minimum Annual Salary Scale for the 2017-18 Salary Cap Year (attached as Exhibit C hereto) shall be deemed amended to provide for the applicable Minimum Player Salary for such Season(s) under such Minimum Annual Salary Scale based upon the player’s Years of Service for each of the applicable Seasons(s). On July 1 of each Salary Cap Year, any Player Contract (other than a Two-Way Contract) ), whether entered into on before or after the effective date of this Agreement Agreement, that provides for a Salary for the upcoming Season that is less than the applicable Minimum Player Salary based on the Minimum Annual Salary Scale applicable to the player player’s Contract shall be deemed amended to provide for the applicable Minimum Player Salary based on such Minimum Annual Salary Scale. (e) Nothing in this Section 6 shall alter the respective rights and liabilities of a player and a Team, as provided for in the Uniform Player Contract or in this Agreement, with respect to the termination of a Player Contract. (f) Every Contract entered into between a player and Team that is intended to provide for Compensation equal to the Minimum Player Salary (with no bonuses of any kind) for each Season must contain the following sentence in Exhibit 1A of such Contract and shall be deemed amended in the manner described in such sentence: “This Contract is intended to provide for a Base Compensation for the Season(s) equal to the Minimum Player Salary for such Season(s) (with no bonuses of any kind) and shall be deemed amended to the extent necessary to so provide.” The reference in the preceding sentence to “no bonuses of any kind” shall not be construed to limit the ability of a Team and player (i) to agree upon provisions entitling a player to earn Compensation if such player’s Uniform Player Contract is traded to another NBA team in accordance with Section 3(i3(k) above, or (ii) to enter into a Contract with an Exhibit 10 Bonus, subject to the limitations in Section 3(q3(s) above and Section 11(i11(h) below. (g) A Uniform Player Contract (other than a Two-Way Contract) that provides in any Season for the player to earn Compensation not greater than his applicable Minimum Player Salary (with no bonuses of any kind) that, at the time the Contract is signed, is fully or partially protected for lack of skill and injury or illness may be amended to provide for the player to be paid a portion of his Compensation for such Season (the “Advance”), up to the Minimum Player Salary Advance Limit as defined below, prior to November 15 1 of such Season. The Minimum Player Salary Advance Limit for a Season shall equal the lesser of (i) eighty percent (80%) of the amount of the player’s Compensation for such Season that is protected for lack of skill and injury or illness, or (ii) seven and one half percent (7.5%) of the player’s Base Compensation for such Season. Any Advance paid to a player for a Season pursuant to the foregoing must be deducted in full from the first installment of Current Base Compensation (i.e., on November 151) and, if necessary after reducing in full the first installment, the second installment of Current Base Compensation (i.e., on December 1November 15) for such Season that the player would have received pursuant to paragraph Paragraph 3(a) of the Contract had there been no such Advance. To effectuate the requirement set forth in the preceding sentence, every such Contract that provides for an Advance must contain the following language (and only such language) under the “Payment Schedule” heading in Exhibit 1 or Exhibit 1A (as applicable) with respect to each applicable Season: “Player’s Current Base Compensation with respect to the

Minimum Player Salary. (a) Except with respect to 10-Day Contracts provided for in Section 9 below, and Rest-of-Season Contracts provided for in Section 10 below, and Two-Way Contracts provided for in Section 11 below, no Player Contract shall provide for a Salary of less than the applicable scale amount contained in the Minimum Annual Salary Scale applicable for such Salary Cap Year. For the 2017-18 Salary Cap Year, the Minimum Annual Salary Scale is set forth as Exhibit C hereto. For each Salary Cap Year commencing with the 2018-19 Salary Cap Year, the Minimum Annual Salary Scale amounts shall be adjusted by applying the percentage increase (or decrease) in the Salary Cap from the preceding Salary Cap Year to the current Salary Cap Year. The Minimum Annual Salary Scale applicable to a player is determined by the Salary Cap Year encompassing the first Season covered by the player’s Contract. Accordingly, for example, if the first Season covered by a player’s Contract is the 2018-19 Season, then the Minimum Annual Salary Scale for the 2018-19 Salary Cap Year shall apply for each Season of the Contract. (b) No 10-Day Contract or Rest-of-Season Contract (as those terms are defined in Sections 9 and 10 below) shall provide for a Salary of less than the Minimum Player Salary applicable to that player. (c) In determining whether a Player Contract provides for a Salary of no less than the Minimum Player Salary applicable to that player, the allocation of a deemed signing bonus in respect of an “international player payment” in excess of the Excluded International Player Payment Amount for such Salary Cap Year as set forth in Article VII, Section 3(e) $500,000 (but no other bonuses) shall be considered as part of the Salary provided for by a Player Contract, provided that such Player Contract makes clear that the Salary for each Season (including the allocation of any such deemed signing bonus) equals or exceeds the Minimum Player Salary for such Season. (d) On July 1, 2017, any Player Contract entered into before the effective date of this Agreement that is not terminated on or before June 30, 2017 and provides for a Salary for the 2017-18 Season or any future Season that is less than the applicable Minimum Player Salary for such Season as set forth in the Minimum Annual Salary Scale for the 2017-18 Salary Cap Year (attached as Exhibit C hereto) shall be deemed amended to provide for the applicable Minimum Player Salary for such Season(s) under such Minimum Annual Salary Scale based upon the player’s Years of Service for each of the applicable Seasons(s). On July 1 of each Salary Cap Year, any Player Contract (other than a Two-Way Contract) whether entered into on before or after the effective date of this Agreement Agreement) that provides for a Salary for the upcoming Season that is less than the applicable Minimum Player Salary based on the Minimum Annual Salary Scale applicable to the player shall be deemed amended to provide for the applicable Minimum Player Salary based on such Minimum Annual Salary ScaleSalary. (e) Nothing in this Section 6 shall alter the respective rights and liabilities of a player and a Team, as provided for in the Uniform Player Contract or in this Agreement, with respect to the termination of a Player Contract. (f) Every Contract entered into between a player and Team that is intended to provide for Compensation equal to the Minimum Player Salary (with no bonuses of any kind) for each Season must contain the following sentence in Exhibit 1A of such Contract and shall be deemed amended in the manner described in such sentence: “This Contract is intended to provide for a Base Compensation for the Season(s) equal to the Minimum Player Salary for such Season(s) (with no bonuses of any kind) and shall be deemed amended to the extent necessary to so provide.” The reference in ” (g) Every Contract entered into between a player and a Team that covers the preceding sentence 2011-12 Season and one or more subsequent Seasons, and that is intended to “provide for Compensation equal to the Minimum Player Salary (with no bonuses of any kind” shall not be construed to limit the ability of a Team and player ) for such Season(s), (i) to agree upon provisions entitling a player to earn must state in Exhibit 1A of such Contract that the Compensation if for such player’s Uniform Season(s) is the “Minimum Player Contract is traded to another NBA team in accordance with Section 3(i) above, or Salary,” and (ii) to enter into a Contract shall comply with an Exhibit 10 Bonus, and be subject to the limitations in provisions of Article II, Section 3(q6(f) above and Section 11(i) belowabove. The player’s Salary for each such Season shall equal his then-applicable Minimum Player Salary. (gh) A Uniform Player Contract (other than a Two-Way Contract) that provides in any Season for the player to earn Compensation not greater than his applicable Minimum Player Salary (with no bonuses of any kind) that, at the time the Contract is signed, is fully or partially protected for lack of skill and non-insured injury or illness may be amended to provide for the player to be paid a portion of his Compensation for such Season (the “Advance”), up to the Minimum Player Salary Maximum Advance Limit Amount as defined below, prior to November 15 of such Season. The Minimum Player Salary Maximum Advance Limit Amount for a Season shall equal the lesser of (i) eighty percent (80%) % of the amount of the player’s Compensation for such Season that is protected for lack of skill and non-insured injury or illness, or (ii) seven and one half percent (7.5%) % of the player’s Base Compensation for such Season. Any Advance paid to a player for a Season pursuant to the foregoing must be deducted in full from the first installment of Current Base Compensation (i.e., on November 15) and, if necessary after reducing in full the first installment, the second installment of Current Base Compensation (i.e., on December 1) for such Season that the player would have received pursuant to paragraph 3(a) of the Contract had there been no such Advance. To effectuate the requirement set forth in the preceding sentence, every such Contract that provides for an Advance must contain the following language (and only such language) under the “Payment Schedule” heading (next to the “Current” sub-heading) in Exhibit 1A with respect to each applicable Season: “Player’s Current Base Compensation with respect to thethe Season(s) shall be paid in accordance with paragraph 3(a), except that the November 15 installment of such Current Base Compensation shall be reduced by $[amount of Advance], which amount shall be paid to Player in advance on [date].”

Minimum Player Salary. (a) Except with respect to 10-Day Contracts provided for in Section 9 below, and Rest-of-Season Contracts provided for in Section 10 below, and Two-Way Contracts provided for in Section 11 below, no Player Contract shall provide for a Salary of less than the applicable scale amount contained in the Minimum Annual Salary Scale applicable for such Salary Cap Year. For the 2017-18 Salary Cap Year, the Minimum Annual Salary Scale is set forth as Exhibit C hereto. For each Salary Cap Year commencing with the 2018-19 Salary Cap Year, the Minimum Annual Salary Scale amounts shall be adjusted by applying the percentage increase (or decrease) in the Salary Cap from the preceding Salary Cap Year to the current Salary Cap Year. The Minimum Annual Salary Scale applicable to a player is determined by the Salary Cap Year encompassing the first Season covered by the player’s Contract. Accordingly, for example, if the first Season covered by a player’s Contract is the 2018-19 Season, then the Minimum Annual Salary Scale for the 2018-19 Salary Cap Year shall apply for each Season of the Contract. (b) No 10-Day Contract or Rest-of-Season Contract (as those terms are defined in Sections 9 and 10 below) shall provide for a Salary of less than the Minimum Player Salary applicable to that player. (c) In determining whether a Player Contract provides for a Salary of no less than the Minimum Player Salary applicable to that player, the allocation of a deemed signing bonus in respect of an “international player payment” in excess of the Excluded International Player Payment Amount for such Salary Cap Year as set forth in Article VII, Section 3(e) (but no other bonuses) shall be considered as part of the Salary provided for by a Player Contract, provided that such Player Contract makes clear that the Salary for each Season (including the allocation of any such deemed signing bonus) equals or exceeds the Minimum Player Salary for such Season. (d) On July 1, 2017, any Player Contract entered into before the effective date of this Agreement that is not terminated on or before June 30, 2017 and provides for a Salary for the 2017-18 Season or any future Season that is less than the applicable Minimum Player Salary for such Season as set forth in the Minimum Annual Salary Scale for the 2017-18 Salary Cap Year (attached as Exhibit C hereto) shall be deemed amended to provide for the applicable Minimum Player Salary for such Season(s) under such Minimum Annual Salary Scale based upon the player’s Years of Service for each of the applicable Seasons(s). On July 1 of each Salary Cap Year, any Player Contract (other than a Two-Way Contract) whether entered into on before or after the effective date of this Agreement Agreement) that provides for a Salary for the upcoming Season that is less than the applicable Minimum Player Salary based on the Minimum Annual Salary Scale applicable to the player shall be deemed amended to provide for the applicable Minimum Player Salary based on such Minimum Annual Salary ScaleSalary. (e) Nothing in this Section 6 shall alter the respective rights and liabilities of a player and a Team, as provided for in the Uniform Player Contract or in this Agreement, with respect to the termination of a Player Contract. (f) Every Contract entered into between a player and Team that is intended to provide for Compensation equal to the Minimum Player Salary (with no bonuses of any kind) for each Season must contain the following sentence in Exhibit 1A of such Contract and shall be deemed amended in the manner described in such sentence: “This Contract is intended to provide for a Base Compensation for the Season(s) equal to the Minimum Player Salary for such Season(s) (with no bonuses of any kind) and shall be deemed amended to the extent necessary to so provide.” The reference in ” (g) Every Contract entered into between a player and a Team that covers the preceding sentence 2020-21 Season and one or more subsequent Seasons, and that is intended to “provide for Compensation equal to the Minimum Player Salary (with no bonuses of any kind” shall not be construed to limit the ability of a Team and player ) for such Season(s), (i) to agree upon provisions entitling a player to earn must state in Exhibit 1A or Exhibit 1 (as applicable) of such Contract that the Compensation if for such player’s Uniform Season(s) beyond the 2020-21 Season is the “Minimum Player Contract is traded to another NBA team in accordance with Section 3(i) above, or Salary,” and (ii) to enter into a Contract shall comply with an Exhibit 10 Bonus, and be subject to the limitations in provisions of Article II, Section 3(q6(f) above and Section 11(i) belowabove. The player’s Salary for each such Season shall equal his then-applicable Minimum Player Salary. (gh) A Uniform Player Contract (other than a Two-Way Contract) that provides in any Season for the player to earn Compensation not greater than his applicable Minimum Player Salary (with no bonuses of any kind) that, at the time the Contract is signed, is fully or partially protected for lack of skill and injury or illness may be amended to provide for the player to be paid a portion of his Compensation for such Season (the “Advance”), up to the Minimum Player Salary Advance Limit as defined below, prior to November 15 of such Season. The Minimum Player Salary Advance Limit for a Season shall equal the lesser of (i) eighty percent (80%) of the amount of the player’s Compensation for such Season that is protected for lack of skill and injury or illness, or (ii) seven and one one-half percent (7.5%) of the player’s Base Compensation for such Season. Any Advance paid to a player for a Season pursuant to the foregoing must be deducted in full from the first installment of Current Base Compensation (i.e., on November 15) and, if necessary after reducing in full the first installment, the second installment of Current Base Compensation (i.e., on December December 1) for such Season that the player would have received pursuant to paragraph 3(a) of the Contract had there been no such Advance. To effectuate the requirement set forth in the preceding sentence, every such Contract that provides for an Advance must contain the following language (and only such language) under the “Payment Schedule” heading in Exhibit 1A with respect to each applicable Season: “Player’s Current Base Compensation with respect to the