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Originally Posted by DelNegro
Coon #11 applies here since KVH would be signing a brand new deal. The raises discussed in #19 are the maximum raises allowed between years of a multi year contract. Since it's a new contract that first year salary is controlled by the max amount. That max amount being the greater of the CBA defined value or 105% of his previous salary. Quoted from Coon #11 below.
Players' maximum salaries are never less than 105% of their previous salary. For example, a ten-year veteran who earned $20 million in 2006-07 has a maximum salary of $22.1 million in 2007-08, even though that is above the league-wide maximum. A free agent does not need to remain with the same team in order to receive 105% of his previous salary, although the team that signs him is subject to the same salary cap restrictions as with any other free agent.
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Except that KVH would make less than the 2007-08 max salary of $18,257,750 (even with his raise). This rule only applies to players who already make above the max for his years of service.