Salary Cap. In accordance with section 408 of the Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, 2001, no HOPE VI Grant funds may be used to pay (or provide reimbursement for payment of) the salary of a consultant (as opposed to a contractor) at more than the daily equivalent of the maximum rate paid to level IV of the Executive Schedule for Federal Employees.
Salary Cap. The Salary Cap for a League Year shall be the Player Cost Amount for that League Year less Projected Benefits for that League Year, divided by the number of Clubs in the League in that League Year, adjusted by any applicable True Up, provided further that there shall be no True-Up related to the 2011 League Year, and there shall be no “negative” True Up related to either the 2012 or 2013 League Year.
Salary Cap. The Salary Cap for the Salary Cap Year commencing on January 1, 2014 shall be nine hundred and one thousand dollars ($901,000). The Salary Cap for each Salary Cap Year thereafter during the term of this Agreement shall be calculated as follows: add twelve thousand dollars ($12,000) to the Salary Cap for the immediately preceding Salary Cap Year, increase the total by the Growth Factor applicable to the Salary Cap Year for which the Salary Cap is being calculated (as defined in Section 1(e) below), and subtract twelve thousand dollars ($12,000).
Salary Cap. (1) For each Salary Cap Year during the term of this Agreement, there shall be a Salary Cap. Subject to the adjustments set forth in subsection (d) below, the Salary Cap for each Salary Cap Year, beginning with the 2000- 01 Salary Cap Year, will equal 48.04% of Projected BRI for such Salary Cap Year, less Projected Benefits (as defined in Article IV, Section 6) for such Salary Cap Year, divided by the number of Teams scheduled to play in the NBA during such Salary Cap Year, other than Expansion Teams during their first two Seasons in the NBA.
(2) Notwithstanding subsection (a)(1) above, in the event that, subject to the adjustments set forth in subsection (d) below, Projected BRI for any Salary Cap Year, beginning with the 2000-01 Salary Cap Year, in which one or more Expansion Teams is scheduled to play its second NBA Season, plus Projected Local Expansion Team BRI for such Salary Cap Year, multiplied by .4804, less Projected Benefits for such Salary Cap Year (including for the Expansion Team(s)), divided by the number of Teams scheduled to play in the NBA during such Salary Cap Year (including the Expansion Team(s)), exceeds the Salary Cap calculated in accordance with subsection (a)(1) above, the Salary Cap shall equal the amount calculated pursuant to this subsection (a)(2).
(3) The Salary Cap for the 1998-99 Salary Cap Year shall be $30 million.
(4) The Salary Cap for the 1999-2000 Salary Cap Year shall be $34 million.
(5) The Salary Cap for a Salary Cap Year will be in effect commencing on August 1 of such Salary Cap Year and shall continue through and including the subsequent July 31.
(6) In the event that the Audit Report for a Salary Cap Year, beginning with the 1999-2000 Salary Cap Year, has not been completed as of the July 31 immediately following the end of such Salary Cap Year, then the Salary Cap for the Salary Cap Year that commenced on the immediately preceding July 1 will be calculated pursuant to subsections (a)(1)-(2) above, except that Interim Projected BRI shall be utilized instead of Projected BRI, Estimated BRI shall be utilized instead of BRI and Estimated Total Salaries and Benefits shall be utilized instead of Total Salaries and Benefits, for all purposes under this Section 2 including, without limitation, the adjustments set forth in subsection (d) below. In the event that the Interim Audit Report for a Salary Cap Year, beginning with the 1999-2000 Salary Cap Year, has not been completed as of the July 31 immediately following t...
Salary Cap. (a) Teams must be in full compliance with the Salary Cap at the commencement of each League Year and remain in compliance throughout the League Year, unless otherwise agreed to by Class Counsel and the AFL.
(b) Subject to the adjustments set forth below, the amount of the Salary Cap for each Team shall be the greater of:
(1) Sixty-three percent (63%) of Projected DGR for League Years 2001-2006, divided by the number of Teams playing in the AFL during that League Year (the "DGR Salary Cap"); or
(2) A maximum cash and barter dollar Salary Cap of $1,550,000 in League Year 2001, increasing by six percent (6%), rounded to the nearest dollar, each League Year for League Years 2002 and 2003, and increasing by seven percent (7%), rounded to the nearest dollar, each League Year for League Years 2004, 2005, and 2006 (the "Cash Salary Cap"), as set forth below: League Year 2001 - $1,550,000 per Team; League Year 2002 - $1,643,000 per Team; League Year 2003 - $1,741,580 per Team; League Year 2004 - $1,863,491 per Team; League Year 2005 - $1,993,935 per Team; and League Year 2006 - $2,133,510 per Team.
(c) Except as provided in Article IX, below, in connection with contracts for Franchise Players, at all times the Player Compensation of each Team shall be less than or equal to the Salary Cap.
(d) For purposes of computing the DGR Salary Cap that may be applied in any upcoming League Year, and for any other purpose specifically stated in the Agreement, DGR shall be projected to be the DGR of the immediately preceding League Year increased by a percentage to be agreed upon by the parties, or failing such agreement, four percent (4%) (or the previous League Year's increase, whichever is greater) for gate receipt revenues, and six percent (6%) (or the previous League Year's increase, whichever is greater) for other DGR except for league-wide or local television or radio revenues, which shall be projected based upon the actual revenues expected from such source under contracts to be in effect for the upcoming League Year, including a reasonable projection by the jointly-retained accountants of any television or radio revenue sharing proceeds.
(e) Projected DGR will take into account any changes in the number of Teams in the AFL.
(f) In the event that actual DGR for any League Year is greater or less than Projected DGR for that League Year (calculated as set forth above), then the difference, as the case may be, shall be added to or deducted from Projected DGR for the next L...
Salary Cap. 6.1 Each team will be given a $300 salary cap. This amount is for managers to draft players, assign keeper extensions, bid on free agents during the season, and make trades. It is possible to trade for additional salary cap dollars and exceed the $300 cap limit, but without that, teams are forbidden from exceeding their salary cap limit.
6.2 Each team's FAAB budget will be determined by the amount of salary cap space they have after the draft. In other words, don't use all of your $300 salary cap during the draft. Each free agent won via FAAB will be added to your roster immediately. That player's salary will be the amount he was purchased on the FAAB auction. Your team's payroll will be hit with the new player's salary thus your salary cap space / FAAB budget will be decreased. If you have no money left over after the draft then you will need to obtain some cap space via trading or else you will not be able to add any free agents to your roster during the season.
6.3 The salary cap will be in effect all season long meaning you need to keep track of it. Your FAAB budget will reflect your salary cap space you have remaining. The salary cap stays in effect during the playoffs as well. If your salary cap space changes either due to adding a player or trading a player the change will be reflected in your FAAB money.
6.4 If a team is found to be over the salary cap at any point during the season, the last player or players added to the roster will be dropped immediately until the team is under the salary cap and any scoring changes that are necessary will be made. Meaning if those players earned any points towards the teams scoring those points will be taken away.
6.5 Salary cap dollars can be included in trades. Please note that any increase in salary cap space due to a trade is only in effect for that current season. At the start of next season, all teams are reset to $300 caps.
Salary Cap. Beginning with the Salary Cap Year commencing on December 1, 2007, and for each Salary Cap Year thereafter during the term of this Agreement, the Salary Cap for each Team shall be:
Salary Cap. Grantor participation in the salary rate for the highest paid position shall not be in excess of $174,500, or a Tier I Senior Executive Service (SES) salary at the U.S. Department of Defense. Other salaries shall tier downward from this highest salary rate subject to the Grantor's review and determination of whether the proposed salary (ies) is (are) allowable, allocable, and reasonable.
Salary Cap. The Salary Cap for each Salary Cap Year during the term of this Agreement shall be as set forth below. $1,300,000 $1,339,000 $1,379,200 $1,420,500 $1,463,200 $1,507,100 $1,552,300 $1,598,800
Salary Cap. The definition of "Salary Cap" is hereby amended by deleting it in its entirety.
