Common use of Release or Trade of Drafted Rookies Clause in Contracts

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.

Release or Trade of Drafted Rookies. (i) If a Drafted Rookie is re- leased released prior to signing a Player Contract (i.e., the Club withdraws its Tender), the Club’s Year-Year- One Rookie Allocation will be reduced by the released player’s Year-One Minimum Allotment Al- lotment multiplied by the Year-One Rookie Compensation Pool. In the event that a Draft selec- tion selection (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 Year-One Rookie Compensation Pool. The New Club will not receive any additional Room in its Year-One Rookie Allocation or Total Rookie Alloca- tion.