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[3] [4] They also drew inspiration from Asian video game designers who released their games for no up-front cost, and instead charged for additional perks. [5] Beck and Merrill sought funding from family and angel investors, raising US$1.5 million to launch their company. [5] Riot Games was established in September 2006 in Santa Monica, California.
Each year of an NHL player contract, the salary earned contributes to the team's "cap hit". The basic cap hit of a contract for each year it is effective is the total money a player will earn in regular salary over the life of the contract divided by the number of years it is effective. This prevents a team from paying a player different ...