coaching FA to start Thursday at Noon
rules listed inside
-Bids will be accepted starting Thursday August 23, 2018 at Noon Eastern Time
All NHL and AHL heads coaches who are unsigned and have ratings have a threads created
I also created some assistants but not all (there are way too many) that have ratings.
Free Agent Rules
-Minimum salary to be set at $400K a year for a PRO coach
-Minimum salary to be set at $250k a year for a MINOR coach
-Bidding is done on the message board (I don’t get the fancy website LOL)
-48 hour process like players FA
-Only coaches with Ratings (ie actually coaches in NHL or AHL last year) is eligible to bid on during the FA process
-There is no loyalty bonus
-There is no term bonus
-For a coach to receive a MINOR offer, they must be MINOR eligible (Meaning they did not finish last NHL season a head coach)
-Initial bids must meet minimum coaching salaries per level and for 3 or less years.
-Bid increments must be at least $150K until bid is over $999k, then the bids must be in increments of least $200k.
-All bids must meet appropriate $ increase regardless if the bid is changing from Minor offer to Pro Offer.
-Once a Pro Bid is made on a coach, only PRO bids will be accepted from that point on
--No signing bonus may be used
Example of FA process.
Team A makes Coach 1 a Minor offer for 750k. Team B takes lead with a Minor Bid of 900K for the coach. Team A regains lead with 1.05M bill (still 150k increment) for Minor Coach. Team C comes into the bidding with $1.25M (bid is now at least 200k increments) for PRO coach. At this point, the next bid must be: a) at least 1.45M and B) must a pro offer.