1-Year Resigning Bug Fixed

[James Grove]

This is an annoucement to all the BBMO players out there.

We have fixed the bug that allowed you to re-sign a player to a contract extension that gave him less money than he was to get under his old contract.

Among other things, this will plug the hole that some people exploited, whereby they signed a free agent to an enormous 1 year contract, then promptly renegotiated him to a cheap 2 year deal.

If you don't believe me, try signing a scrub to a 1-year 300 point deal and see what happens... :D

This is good news all around. But I wanted to make sure to announce it, otherwise somebody would complain when they got burned...

Thanks for playing,
James Grove

[faulk28]

but i think you should have kept it quiet...:D...anyway what is the limits...can you sign a player to a 1-year contract then resign him to a contract for a little less?...or will he always ask for more?...

[James Grove]

He will always ask for more.

Here is one way to think about it (approximately).

If you sign a player for 50 points for 1 year, when he is only worth 10, you are overpaying him by 40 points.

So to extend his deal to 2 years total, he will take that overpayment and spread it over the duration of the new contract.

So instead of asking for 10 points for 2 years, he will want 30 points for 2 years.

This is 10 + (40/2) per year = 60 points total

If you wanted to extend his contract to 4 years total, he would want 10 + (40/4) = 20 points per year = 80 points total

There are some other factors at play, too. If he is going to get better or worse of the course of the extension, then the amount he will want per year will go up or down accordingly.

There is also a factor that 100 points this year is worth more than 20 points per year for 5 years. (Because of interest earned etc. "Net Present Value" for the businessmen out there.) So extending his contract will cause him to ask for a little more money.


But the bottom line is he should NEVER sign a contract that would cause him to get less money than his current deal is worth.

Bear in mind, of course, that in September you will have already paid him the bulk of his year's salary, so at that time he WILL sign a contract that looks lower at first glance. But that's just because he's already received most of his money from the current contract.

Cheers,
James

[phreaque]

So if I'm reading this right, every time you re-sign a player they will ask for more money?

What if you paid them 10 points and they wanted 10 points?

Would they still want 20 for next season?

Also, are they "worth" what they "ask for"?

[takaplan]

No- this is only for one year contracts, I believe.

Basically, all it means is that if you pay a guy 200 pts for 1 year, he isn't going to accept less than 200 pts total for a longer contract. So he won't sign for 20 pts for 7 years.

Yes, what he is worth is what he is asking for, I believe.

Tom