.
(b)(v)Carrying Over Room.
(b)(v)(1)
A Club may designate an amount of its current League Year Room (“Room”) to credit to its Team Salary for the next League Year by providing the NFL with written notice signed by the owner. The NFL must be in receipt of this notice prior to 4:00 pm New York Time (“NYT”) on the day following the Club’s final regular season game (“Carry Over Measuring Date”). The NFL shall promptly provide a copy of any such notice to the NFLPA.
(b)(v)(2)
This notice must identify the amount of the Club’s Room (expressed in dollars or as a percentage of its Room at the conclusion of the Club’s final regular season game) that the Club intends to Carry Over to the next League Year. In the event that a Club designates an amount exceeding its Room at the conclusion of the Club’s final regular season game, such notice shall be automatically amended to reflect the Club’s entire Room at that time.
(b)(v)(3)
If a Club provides such notice, then at 4:00 pm NYT on the Carry Over Measuring Date, there will be an additional charge to that Club’s current League Year Team Salary corresponding to the amount of Room it has designated to Carry Over to the next League Year. The Club will receive an equivalent credit to its Team Salary for the following League Year. (For example, and without limitation, if one week before its final regular season game a Club possessing $5 million in Room provides notice to the NFL of its intent to Carry Over $5 million in Room to the next League Year, and if at the conclusion of the Club’s final regular season game the Club has $4 million in Room, then the Club’s notice shall be automatically amended to reflect a $4 million designation. As a result, at 4:00 pm NYT on the Carry Over Measuring Date, the Club shall: (i) be charged $4 million to its current League Year Team Salary; (ii) have no Room for the remainder of the current League Year; and (iii) be credited $4 million to its Team Salary for the following League Year (i.e., increasing the Club’s Room in the following League Year). As another example, and without limitation, if one week before its final regular season game a Club possessing $5 million in Room provides notice to the NFL of its intent to Carry Over $5 million in Room to the next League Year, and if at the conclusion of the Club’s final regular season game the Club has $7 million in Room, then the Club’s notice shall not be amended and its designation shall remain $5 million. As a result, at 4:00 pm NYT on the Carry Over Measuring Date, the Club shall: (i) be charged $5 million to its current League Year Team Salary; (ii) have $2 million in Room; and (iii) be credited $5 million to its Team Salary for the following League Year. Alternatively, if the same Club had designated 100% of its Room to Carry Over (rather than $5 million), then it would instead: (i) be charged $7 million to its current League Year Team Salary; (ii) have no Room for the remainder of the current League Year; and (iii) be credited $7 million to its Team Salary for the following League Year.)
(b)(v)(4)
The amount of any Room Carry Over pursuant to this Section shall be taken into account in the year-end netting of incentives described in Section 6(c)(ii) and (iii) of this Article.
(b)(v)(5)
Nothing in this Section shall affect the Guaranteed League-Wide Cash Spending or Minimum Team Cash Spending provisions set forth in Article 12.