Release or Trade of Drafted Rookies Sample Clauses

Release or Trade of Drafted Rookies. (i) If a Drafted Rookie is re- leased prior to signing a Player Contract (i.e., the Club withdraws its Tender), the Club’s Year-One Rookie Allocation will be reduced by the released player’s Year-One Minimum Allotment multiplied by the Rookie Compensation Pool. In the event that a Draft selec- tion (i.e., a draft slot) is assigned to another Club prior to completion of the Draft, the amount of the Year-One Formula Allotment for such selection shall be assigned to the Club receiving the selection. A Club may not assign the exclusive negotiating rights to a Drafted Rookie to another Club if such new Club does not have Room under its Year- One Rookie Allocation equal to at least the original Year-One Minimum Allotment for the player multiplied by the Total Rookie Compensation Pool. The New Club will not receive any additional Room in its Year-One Rookie Allocation or Total Rookie Alloca- tion. (ii) If a Drafted Rookie is released by the drafting Club after signing his initial contract and such player re-signs with the same Club at any point during the League Year in which he was drafted, the signing Club may not enter into a contract with the player for more than the Year-One Rookie Salary set forth in the first year of the player’s initial contract with the Club, less any amounts the player earned under his initial contract before his release, and the player’s Contract cannot provide for an annual increase in Salary (as defined in Article 13) of more than 25% of the Year-One Rookie Salary in his initial Rookie Contract.