WHAT ARE THE RULES REGARDING RENEGOTIATIONS OF EXISTING CONTRACTS?
A contract may be renegotiated when three years have passed since it was signed. Salaries may not be renegotiated downward (i.e., the renegotiated contract must have at least the same salary in each year as the original contract). Salaries may be renegotiation upward, but only to the extent that the team has room under the cap. 28. WHAT IS A RESTRICTED FREE AGENT? Restricted free agency was a feature of the previous CBA; it no longer exists. 29. WHO SETS THE CAP? The cap is defined by the Collective Bargaining Agreement to be 53% of average team gross revenues. For 1997-98, it is $26.9 million. 30. WHAT IS PLAYER X’S SALARY? I know of no official source for players’ salaries. Unofficial figures are available at Patricia Bender’s Web site, at
