One of the changes made to the new CBA was designed to limit the front-loading of contracts. Under Article 50.7, front-loaded contracts are only permitted to have the salary decrease, from year to year, by 35% of the 1st year's salary, while no year may have a wage less than 50% of the highest salaried year. The following chart is an example of the front-loading the Oilers could have theoretically* included in Ference's contract, while not running afoul of Article 50.7(a):
Year
|
Salary
|
Cap Hit
|
2013/14
|
$
3,900,000.00
|
$
3,250,000.00
|
2014/15
|
$
3,900,000.00
|
$
3,250,000.00
|
2015/16
|
$
3,250,000.00
|
$
3,250,000.00
|
2016/17
|
$
1,950,000.00
|
$
3,250,000.00
|
TOTAL
|
$13,000,000.00
|
$13,000,000.00
|
As you can see, there is still the potential for a decent sized drop by the time the contract reaches its 4th year. Given that there are benefits for both sides if the contract is front-loaded, I would not be surprised to see Ference's contract arranged something like the table above.
* This table is not perfectly optimized, in terms of the lowest possible 4th year salary allowable to the dollar, but it's close. I didn't have solver, so I derived this table via some quick trial and error, but it's close enough (within $50,000, I believe) to be illustrative of the kind of structure Edmonton could have constructed while complying with the CBA.
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