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(SOS) Player Salaries Floor

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This Post:
11
311659.1
Date: 9/30/2021 12:11:27 PM
Overall Posts Rated:
11
Help, I can't really understand about this.
I have 12 players total salaries: 37,299
3 staffs total salaries：24,996
Yet the "Player Salaries Floors" shows 531,111, got to pay 531,111 weekly just for the player salaries.

Does it mean that I must recruit more players with high salaries?

My economy is dropping massively every week and I'm going to bankrupt soon.

Please, I need the simplest way to understanding this and find out the best solution.

This Post:
22
311659.3 in reply to 311659.1
Date: 9/30/2021 2:45:54 PM
JMDCeltics
III.10
Overall Posts Rated:
35293529
From the rules:

As part of the agreement giving you shared television revenue, you also agree to pay a minimum total salary, shown on the Economy page. If your players earn less than this total, this minimum salary will be deducted anyway. The salary floor depends upon your league's television revenue:

Division I: 245% of TV money

Division II: 190% of TV money

Division III: 130% of TV money

Division IV: 100% of TV money

Division V,VI: 70% of TV money

The salary floor does not apply to new teams for their first 24 weeks.

This Post:
00
311659.4 in reply to 311659.3
Date: 9/30/2021 4:48:13 PM
NakamichiDragons
II.3
Overall Posts Rated:
22932293
Second Team:
Little Computer People

founded in S3 IV.5 (34234) - returned in S28 IV.7