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Pro rata is an adverb or adjective meaning in equal portions or in proportion. [1] The term is used in many legal and economic contexts. The hyphenated spelling pro-rata for the adjective form is common, as recommended for adjectives by some English-language style guides. In American English, this term has been vernacularized to prorated or pro ...
The thirteenth monthly salary is not a bonus but a delayed payment. Whether or not a thirteenth salary is part of an employment contract, some companies pay a higher monthly salary instead of the additional payment. The thirteenth salary is prorated for partial years in the first and last years of employment. [27]
The roster bonus has a very specific effect on a team's "salary cap," the amount of its payroll that counts toward the money permitted by league agreement. Unlike a signing bonus , the amount of a roster bonus is not prorated over the lifetime of a player's contract.
Jones signed a contract with the Vikings for a prorated portion of the veteran minimum salary midway through the 2024 season. Since he's been in the league for more than four years, the veteran ...
This compares to the salary for KKR analysts at the time, which was about $110,000 a year and prorated for the interns, the former KKR exec said. (Read our story on how to get hired at Blackstone ...
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In practice, the amount paid by the signing team is usually a prorated portion of the Major League minimum salary. However, if the player is a Rule 5 draft pick, the player must be offered back to the club from which he was selected from in the Rule 5 draft for $50,000, half of the amount the team which selected him had to pay.
The NBA salary cap is the limit to the total amount of money that National Basketball Association teams are allowed to pay their players. Like the other major professional sports leagues in North America, the NBA has a salary cap to control costs and benefit parity, defined by the league's collective bargaining agreement (CBA).