TMHL Rules

A. League Structure

1. Conferences:

i. The league is organized into two conferences from which the league will align teams and schedule games. (Est. 1986)

ii. The league consists of a total of twenty-four teams in the league. As such, each conference will consist of twelve teams. (Est. 1986, Amend. 1997)

2. Divisions:

i. The conferences are further sub-divided into two divisions. (Est. 1986, amend. 1997)

ii. Each division will consist of six teams. (Est. 1986, amend. 1997)

3. Teams:

i. Each team has its own City name and nickname. (Est. 1986)

ii. Each team has its own logo. (Est. 1996)

4. Schedule:

i. The regular season schedule is Twenty-one games. All games will include the statistics from Monday through to and including Sunday�s NHL games. The subsequent four weeks, following the conclusion of the regular season will be our playoff games. (Est. 1986)

ii. Two weeks of the NHL season will not field enough games for our season. These are the first week of the season and the all-star break or Olympic break. If there are not enough minimum weeks to play a season, namely Twenty-six games, we will require a change in the schedule format in accordance to defined rules. (Est. 1986)

iii. The COO prepares the schedule for each season using a set formula. This schedule is distributed to all league owners at the Annual Meeting. Any changes to the schedule must be approved by the league in general. (Est. 1986)

iv. A season is defined as the 1^st NHL game ~~October 1~~ to the Tuesday following Victoria Day. (Est. 1987. amend. 2000)

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5. Playoffs:

i. The top three teams in each division plus the next two best teams in each conference make the playoffs. (Est. 1986)

ii. All tie-breaking formulae are on the basis of Wins, Goals, Points Scored, Goalie Wins then direct competition. (Est. 1986)

iii. The division winning teams are seeded one and two as long as they remain alive in the playoffs. (Est. 2000)

iv. For every playoff round, the highest seeded team (based on points in season) plays the lowest seeded team. The second highest plays second lowest, etc. (Est. 1986)�

6. Executive Committee:

i. An executive committee made of 3 owners will oversee league operations in the following capacity:

� President - oversee all aspects of league operations including communications and maintenance of the Rule book

� COO � scheduling, weekly statistics, game results, trades

� CFO - treasurer and payroll

� Other duties of the Executive Committee include maintenance of the league website and coordinating drafts. (Est. 1997, amend. 2000)

ii. The executive committee members serve a two year term until voted upon by league members once again. (Est. 1997)

iii. The duties of the executive committee are as follows:

� Maintain league operations

� Arbitrate league disputes

� Rule on any league proposals (Est. 1997)

iv. The executive committee is not empowered to make changes to league rules which have a financial impact on any members - i.e.: payroll, salary or payouts. (Est. 1997)

v. Any decision taken by executive committee will be forwarded in writing to the parties and to league members in general. If there is any grievance with said decision, the decision can be overturned by a league vote based on league voting rules. (Est. 1986)

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7. Rules Committee

i. The purpose of the Rules Committee (RC) is to arbitrate an appeal that is presented in writing by a member or group of members of the Board of Governors (BOG). Note: each owner is a Governor. The member or group of members requesting the appeal is hereinafter referred to as the plaintiff. The defendant in the appeal may be either another BOG member or it could be a group of owners � depending on the facts of the case.

ii. When presiding over an appeal case, the RC can only interpret existing TMHL rules; it does not formulate new rules.

iii. The RC consists of 5 members plus 2 alternate members all elected from within the BOG and each member will serve a term of 12 months.

iv. The 2 alternate members are not active voting members of the RC. An alternate member will vote in an appeal case only if it replaces the vote of an existing committee member

v. Elections for the 7 positions within the RC are held during the annual September BOG meeting.

vi. Once elected, the five members of the RC must themselves elect a Chairman. An existing committee member may NOT vote on an appeal case IF:

1) the member is either a plaintiff or a defendant in the appeal before the RC, OR

2) the member is unavailable (which includes, but is not limited to, illness, vacation, personal absence, out-of-town business)

Chairman�s Responsibilities:

When notified of an appeal request, The Chairman of the RC has the following responsibilities:

� determine who is the plaintiff and who is the defendant

� if the Chairman declares himself as either the plaintiff or the defendant, then he is temporarily suspended from any further involvement in the RC and he must communicate to the remaining members of the RC that an interim Chairman must be elected to preside over the current appeals case. An interim Chairman HAS to be a member of the RC. The permanent Chairman resumes his responsibilities upon conclusion of the appeals case.

� determine if the appeal has merit.� In doing so, the Chairman MUST discuss the merits of the case with AT LEAST 2 other members of the RC (who may be alternates) who are NOT potential plaintiffs or defendants in the case. If an appeals case does not have merit, the Chairman must give the reason why in writing stating applicable TMHL rules.

� If a case has merit, notify all 5 members of the RC that an appeal case will be heard

� determine, using step 8 below, if alternate members MUST replace existing members of the RC for an appeals case that is before the RC

� consult with all members of the RC to determine if there exists a conflict of interest with regards to the case at hand. In doing so, the RC committee must refer to the Conflict of Interest Guidelines below. In instances where a RC member declares a conflict of interest, then that RC member is replaced by an alternate member for the case before the RC

� declare the deadline for the plaintiff and defendant to deliver written submissions

� prepare a written statement of fact surrounding the appeal

� collect plaintiff and defendant written submissions

� distribute the statement of fact and all submissions to members of the RC for vote

� provide a reasonable deadline for each member of the RC to submit their vote

� collect all votes, which are cast by secret ballot

� tabulate and declare the result of all votes to the members of the RC, plaintiff and defendant

� document, for historical reference and precedent, all RC decisions on the TMHL web site

Voting:

When a RC member casts a secret vote, it must do so in the form of either a word document or an email that does not show their decision in the �subject� area of the email. The document must first clearly state whether the vote is in favour of the plaintiff or the defendant AND then it must give the reason for the vote.
THE DECISION OF THE RC IS FINAL. There is NO opportunity to appeal to the Board of Governors
All 5 votes must be cast before the Chairman of the RC can declare an official decision in the appeal.
When deciding an appeals case, a member of the RC has only the written statement of fact prepared by the chairman and the written submissions of the plaintiff and defendant to assist him in making a ruling. An RC member MAY initiate contact with other RC members and/or with the plaintiff and/or with the defendant in order to obtain more information; any information obtained through said contact may be shared at the discretion of the RC member that is initiating the contact.

�vii. During an appeals case, the plaintiff and defendant are prohibited from discussing the merits of the case outside of their written submission UNLESS the discussion was initiated by an RC member or another owner. Any evidence of unprovoked lobbying will result in a $______________ fine payable by a team determined by the RC Chairman. This discussion ban begins the moment the Chairman identifies and communicates the identities of the plaintiff and the defendant and ends upon the communication of the vote result

Deadlines:

i. The deadline to request an appeal to the RC shall be 12:01 PM on the Monday following any decision communicated by the TMHL that is disagreeable to the person who wishes to make an appeal.

ii. Once a vote is announced, the chairman uses discretion to determine if the decision of the rules committee is retroactive to the date of the appeal.� A RETROACTIVE DECISION IS ALLOWED

iii. ONLY THE CHAIRMAN may determine if a decision of the rules committee is retroactive.

iv. As a guideline, the RC has 3 days to make a decision on an appeal once they have the statement of fact as well as the submissions from the plaintiff and defendant.

Conflict of Interest Guidelines:

The following guidelines apply to ANY situation where an owner of the TMHL is required to cast a vote on matters before the TMHL (whether within the Rules Committee or not):

i. As a general principal, a conflict of interest exists where an owner may inherit a DIRECT benefit as a result of a decision on a issue before the TMHL

ii. All owners of the TMHL are honourable gentlemen

iii. Because owners of the TMHL are honourable, they must THEMSELVES declare if they have a conflict of interest when asked to vote on any matters before the TMHL

iv. An owner may declare an opinion that another owner has a conflict of interest, but they CANNOT force another owner to involuntarily abstain from voting because of a charge of conflict of interest.

8. League Voting:

i. In all cases, league issues are decided on a simple majority basis (50% plus 1). (Est. 1986)

ii. The required number for a league vote to be conducted is a quorum of 75% of the owners. (Est. 2000)

iii. Unanimous votes are required for any financial rule change. (est. 2000)

B. Rosters

1. Roster Size:

i. During the period of end of the TMHL season (Tuesday following Victoria Day) ~~June 1~~ until the commencement of the Waiver draft, roster restrictions are not in place - this period is known as �training camp�. (Est. 1986)

ii. Each team will have a total roster of no more than sixteen players and no less than 13 players. (Est. 1986, amend. 1997, amend. 1999)

iii. Of the total players, there will be no more than the following:

� 3 goalies and 6 centres (Est. 1986, amended 1999)

iv. Players with amateur or prospect status no longer occupy a spot on the 16-man roster. (Est. 1999)

v. A team is permitted to have a maximum of 10 combined amateurs and prospects. (Est. 1999, amended 2006, amended 2018)

vi. An owner has the option to deem an amateur as professional once an amateur has played 20 games (12 for a goalie). (Est. 1999, amended 2003)

� An owner can designate a player who surpassed the 20 games or 12 for a goalie as a Prospect prior to the Spring deadline (Victoria Day)

� Prospects are exempt for the purposes of the Dispersal Draft

�vii. Each team can have a maximum of 2 Prospects and the players that are designated as Prospects can be kept as such for a maximum of 2 years.

viii. Prospects are a status that can only be kept by the team that drafted them. Once traded, they will become Regular players. (Est 2018) .see Dispersal drafts rules. Position changes for players are only allowed under the following conditions:

� Player changes from an amateur to a professional

� Player has been obtained in a trade or waiver pick-up

� Player contract renewal time

� During any offseason (Est 1986, amended 2015)

For players being signed to a new contract and for players available in the Free Agent Draft, if

� his TMHL position is a forward position (i.e. Centre, Left or Right) but his official position is not, or his TMHL position is not a forward but his official position is

� the player will be forced to his official position. The league shall notify affected owners well before roster cuts are due. (Est. 2000, Amend 2001)

ix. The official position of a player will be taken from the rosters listed in either the Hockey News (this is usually titled �Depth Charts�) or NHL.com. When a player�s position comes into question, the issue to be used will be the one in which the player most recently appeared, starting from the one currently available (i.e. shown on the Hockey News website at that time or NHL.com). This issue must be for the current NHL regular season, except when not available yet at the start of a season, in which case the final issue from the previous season will be used. If a player is not found with this, his official position shall remain as his currently assigned TMHL position. (Est 1986, amended 2016)

x. The position of a drafted Amateur player will be taken from the first available issue of Hockey News showing a single list of all players selected in the NHL Entry Draft. If a player is noted on that list with more than one position, the selecting team can choose any one of them. If the position is noted as Forward, the team can choose either Centre, Left or Right. If the position is noted as Wing, the team can choose either Left or Right. (Est 1991)

2. Playing Roster Limits:

i. From roster players, ten players shall comprise the playing roster. (Est. 1986)

ii. Each team should consist of no more than the following on the regular roster:

� 2 goalies��

� 3 centres� (Est. 1986)

iii. Each team should consist of no fewer than the following on the playing roster:��

� 1 goalie��

� 2 defencemen

� 1 centre

� 1 left-winger

� 1 right-winger� (Est. 1986)

iv. Once an amateur is deemed to be a professional, the player will occupy one of the roster spots on the 16-man roster. If this creates an illegal roster, the team must trade or cut a player to get a legal roster before the next game in the schedule. (Est. 1999)

v. For clarification, there will be a reversal of transaction that put the team into illegal roster situation. The onus is for the owner to make the roster legal. (Est. 1986, clarified 2018)

C. Point Scoring Systems

1. Regular Season Games:

i. The points scored by the players on the playing rosters for the weekly game will be as follows:

� Skaters - 1 point for goal and assist, half point for power-play points and short-handed points. (Est 1986, 2014)��

� Goalies - 3 points for a win, 1 point for a tie and 10 points for a shutout.�� (Note � shutout must be counted on individual stats not team) (Est. 1986)

ii. The total accumulation of weekly points will translate into goal production as follows:

� 15 points�� 1 goal

� 21 points�� 2 goals

� 26 points�� 3 goals

� 30 points�� 4 goals

� Every additional 3 points will yield an additional goal. (Est. 1986)

iii. These results will be compared versus the other team to determine a Win, Loss or Tie. (Est. 1986)

iv. A Win is worth two points to a team; a tie is worth one point. (Est. 1986)

v. The minimum total points scored by a team in the regular season must be no less than 75% of the TMHL average pool points per team by the end of the regular TMHL season. This average will also include games played during the first week of the NHL season AND the All Star break if they are non-game weeks. A team that does not earn at least 75% of the league average will be subjected to the following penalties:

� Drop 10 positions in all upcoming drafts. For example, if a team had 3^rd pick, they will now pick 13^th and teams 4^th to 13^th move up on slot. Note: There are exemptions to this rule in special circumstances such as expansion teams - this is voted upon and agreed to by the league in general.

� Pay a $0.50 fine for each point below 75% of the average to a maximum of $20.00. This fine will be added to the salary fines for distribution. (Est. 1997, amend. 1999, amended 2005, amended 2015)

2. Playoff Games:

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i. The point scoring is identical to the regular season, the only difference is the results must end in a win or a loss. (Est. 1986)

ii. In the event of an even number of goals, the tie-breaking mechanism will be in the following order:

� Most points, most goal scored, most power play points scored

� Most short-handed points scored, most wins by goalie, most goalies ties,

� Most shutouts and then assists� (Est. 1986, amended 2014 for consistency)

3. Statistics:

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i. The official source for player statistics is the NHL statistics ~~appearing~~ ~~every~~ ~~in the~~ from NHL.com , verified on Tuesday. �(Est. 1986, amend. 1990, amend 2001, amended 2017)

D. Salary Policy

1. Player Salary:

i. Each player is assigned a contract for a duration of no more than five years and no less than one year. The contract length shall determine the extent of financial obligations for the team. (Est. 1990)

Each drafted player can be assigned a contract with a renewal options. (Est. 1990)
The minimum salary for a player is as follows:

� Regular - $200,000

� Amateur - $100,000 (Est. 1990)

All salary must be a multiple of $10,000, rounded to the nearest $10,000. (Est. 1990)

2. Salary Calculation:

i. The formula for the calculation of the salary is as follows:��

� Skaters - total points scored (TMHL rules) divided by games played this number is then multiplied by 75 to get a salary factor this salary factor is multiplied by 10,000 to get the salary. Salaries are rounded to the next highest 10,000.��

� Goalies- total points scored (TMHL rules) divided by games player this number is then multiplied by 55 to get a salary factor this salary factor is multiplied by 10,000 to get the salary. Salaries are rounded to the next highest 10,000. (Est. 1990)

ii. The minimum number of games for the effective determination of a salary is:

� Skaters - 20 games

� Goalies - 12 games (Est. 1990)

iii. In the event of a player not playing the minimum number of games to determine a salary, the new salary shall be determined by reducing the last salary by 25%. (Est. 1990)��

3. Owner Payroll:

i. The total aggregate salary plus any other financial obligations is the total Owner payroll. All other payroll considerations or financial obligations are added to the total payroll of the owner. (Est. 1990, amended 2007)

ii. Total owner payroll cannot exceed $32 Million in any time. (Est. 1990, amend. 1996, amend. 1999, amend. 2000, amended 2007)

iii. Each team will pay $60 per payable ~~as of the Annual General Meeting.~~netted with the past season, which must be paid out by the Tuesday following Victoria Day. (Est. 2000, amended 2007)

5. Buyout Options:

i. A contract can be bought out at any time. For it to be considered part of one particular year�s fiscal record, it must be advised to the league office prior to the Tuesday following Victoria Day. �After this date, all buyouts are considered the next season�s transactions. (Est. 1990, amend. 1998)

ii. The calculation of a buyout is 100% of the aggregate of the total contract value. A separate transaction must be made to cut the player from the roster of the team. (Est. 1990)

iii. A buyout is a financial obligation that counts towards total owner payroll as defined in Section 3.2. (Est. 1990)

E. Trading Policy

1. Trading Deadline:

i. Trades can be executed at any time except for the period deemed the trading deadline. This is the period typically after the NHL All Star game and before TMHL game 17. This will be determined at the start of each TMHL season. (Est. 1987, amend. 1999, amend 2001)

ii. After the trade deadline, no additional players can be added to the team but player status can be adjusted within the team ie: promote an amateur to regular and cut a player. (Est. 1987, clarified 2018)

2. Effective Date of Trades:

i. All trades will be considered effective for the upcoming TMHL game if trades are given prior to the start of the first NHL game of that week. If the trades are communicated after the deadline, the trade will be effective for the following TMHL game. (Est. 1987)

ii. All trades must be submitted to the Executive Committee and/or at least one or more third party for reference purposes. (Est. 1988)

3. Trading Scope:

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i. Any trade that results in a roster or payroll not in accordance to the defined rules respectively will be considered illegal and reversed by the league. This will also be accompanied by official notification by the league to the offending parties and to the league members in general. (Est. 1996)

ii. Any trade may be subject to review and approval by Executive Committee (Est. 1990)��

iii. There shall be no trades executed directly between the teams of a single owner. (Est. 1986)

iv. All manner of trades can be conducted - players, draft picks, salary considerations and contingent variations as long as all are identifiable teams involved. (Est. 1990)

v. At the time of the trade, a player�s position may be changed. It must be included in the details and confirmed by both parties to the trade that the position is valid. (Est. 1987)

vi. A player or draft pick cannot be traded from and to the same owner within one full TMHL season. (Est. 1987, amended 2007)

�vii. Any consideration with respect to draft picks and salary must be within 5 years of the trade year. (Est 2008)

F. Draft Rules

There are 3 drafts that take place every year. All drafts are in the reverse order of finish and assessing any penalties as defined under section C 1.5.

1. Dispersal Draft.

i. This is the first draft held in the offseason. By the free agent deadline (Tuesday after Victoria Day, teams must protect a maximum of 13 players under contract to the team. All other players are considered exposed for the purpose of the Dispersal Draft.

ii. Using the draft order of worst to best owner from the previous season based on the TMHL points, owners will select players from the exposed list to add to the team roster of their choice.

iii. Any team select such players will assume all the contractual obligations. A team can only lose a maximum of 1 players in this draft.

iv. The Dispersal Draft picks cannot be traded to another team.

v. The first owner to pick cannot pick a player team owned by that particular owner.

vi. There is only one draft round. (Est. 2018)

2. Entry Draft:

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i. This draft is the second draft to be held. This draft is for players who are not on any TMHL rosters or waiver or free agent lists or to players drafted by NHL teams that summer in the NHL Entry Draft. (Est. 1986, amended 2006)

ii. Eligible players (Regular):

� Skaters - minimum games in NHL � 20 (in the preceding season)

� Goalies - minimum games in NHL � 12 (in the preceding season) (Est. 1986, clarified 2018)

iii. These players are assigned contracts equal to their performance based on the previous season they were drafted. (Est. 1986)

iv. The Regular draft pick can be signed to a rookie contract for a one year duration with the following salaries:

� First pick - $300,000

� Second pick- $280,000

� Third pick - $260,000

� Fourth pick - $240,000

� Fifth pick - $220,000 (Est. 1995)

3~~. Amateur Draft:~~

i. The salaries of the amateurs picked shall be in accordance to league salary rules with the exception of the following: ��

� First Pick - $200,000

� Second Pick - $180,000

� Third Pick - $160,000

� Fourth Pick - $140,000

� Fifth Pick - $120,000 (Est. 1995)

ii. There will be three rounds to the Entry draft. (Est. 2006)

iii. The Entry Draft will commence on the Tuesday following July 1st

iv. The time between picks is the end of the 2^nd full business day � ie: a pick made at 1:00 am on Friday, the next owner has til end of day on the Tuesday. If the owner has not selected, the default pick awarded is the highest amateur pick in that NHL draft.

4. Free Agent Drafts:

i. This draft is really an auction of players from a list of players without a contract who was previously signed by the league. This is the last phase of the drafting process. (Est. 1992)

i. ~~The minimum, opening bid for any player is $200,000 and the minimum bid increase will be the following:~~

� ~~At $200,000 the minimum increment must be $50,000~~

� ~~At $500,000 the minimum increment must be $100,000~~

� ~~At $2,000,000 the minimum increment must be $200,000~~

� ~~At $4,000,000 the minimum increment must be $250,000 (Est. 1992, amend. 2000)~~� this does not apply anymore

ii. Any free agent signing that contravenes any league roster rules shall result in an overturning of the signing with the penalty being the salary to be paid by the offending team. The player picked is automatically moved to the waiver pool. (Est. 1996)

iii. Free agents can be signed to a contract of 1 to 2 years with a renewal of an additional 1 to 2 years at the same salary. (Est. 1992, amend. 2000)

iv. The Free Agent Drafts will start the Thursday following July 1st

E-mail bidding

v. Free agent bidding will occur during the summer and continue until all teams have passed. (Est. 2000)

vi. Each 7 day period for each bidding round will commence at 4:00 PM and end at 4:00 AM the following Thursday. (Est. 2000)

�vii. ~~At least 9 players will be available for bidding: 2 skaters at each position and at least one goalie~~The pool of players will be split with as much distribution as possible based on position and value. (Est. 2000)

viii. Process will be completely "blind bidding". Emails can be sent to the main TMHL Admin mailbox at any time for players up in the group. Emails will NOT be opened until after the Thu 4am. Owners can send as many emails as they like while the group is up.

ix. All bids from any owner will be considered in descending time order made.

x. Ranking of Free Agents will be by TMHL Points instead of TMHL Points per Game.

xi. Random "shuffling of groups" will be replaced: once each Group has been determined, each owner in order of previous year's standings will be able to select one group and determine which week it will be up for bid. Each owner will be given one day to reply, or the "default week" will stay.

� Bids must follow the format:

�first and last name of player bid on�, �bid amount�, �team bidding�

� Winning bids will be announced Thursday prior to commencement of next round. First bid will (Est. 2000, amended 2016)

�xii. In the case where any opening bids are equal and there are no higher bids, the teams that made the equal bids will to �off-line� to bid amongst themselves for the free agent. This must be completed within 3 days. (Est. 2000)

Free Agent Auction at the Annual General Meeting

xiii. This process will include a team naming a player and making a bid. The team with the highest bid wins as of the deadline or by auction. (Est. 1992, amend. 2000)

xiv. The team making a bid must be able to take the player unto the team to make a successful bid and the auction revolves around the owner until no one can or wants to bid anymore. (Est. 1992)

Free Agent Signing during the season

�xv. During the season, at any time free agents can be signed by any team at the calculated salary. (Est. 1992)

5. Waiver Draft:

i. This draft is last phase of the drafting process prior to season opening. (Est. 1986)

ii. Prior to the commencement of the waiver draft, all rosters must be at 16 players or less

iii. The players that are eligible are the players that are cut from other teams and still have a contract term. (Est. 1986)

iv. The signing team assumes the contract length of the player�s existing contract. (Est. 1990)

v. Subsequent waiver cuts must be cleared through the league from the last place team at the time up to the team picking the player up. (Est. 1986)

vi. Any drafting that contravenes any league roster rules shall result in an overturning of the draft pick with the penalty being the salary to be paid by the offending team. The player picked is automatically moved to the waiver pool. (Est. 1996)

�vii. During the season, all waived players will be advised to the league and become available for pick-up by other teams on the Tuesday following the announcement of the waiver. Team will have 6 days (Tuesday to Sunday) to announce their intention of picking up a recently waived player. If, during the first 6 days of availability, there is more than one team who has announced their interest in the player, then the waiver player will go the team with the weaker record based on the standings. Waivers that unclaimed for the first 7 days of availability will go to the first team that makes a claim. (Est. 1992, amend 1999)

i. ~~Certain players are exempt from the 9 man protected list. They are as follows:~~

� ~~All players with amateur status (less than 20 games (skater) and less than 12 games (goalie) in a season). (Est. 1995, amend.1998)~~

Waivers during the season:

It is every owners� responsibility to keep informed of players that become available in the waiver pool during the season. All waived players become available for pick-up by other owners immediately following the announcement that the player is waived.

i. Owners have the period from then to the end of the next full NHL week (typically Monday night to Sunday) to announce their intention of picking up a recently waived player. If, during this period, there is more than one owner who has announced their interest in picking up the waiver, then the waiver will go to the team that has the weaker record based on the standings as of the Sunday after the player was waived.

ii. If there is a tie in the standings between claiming teams (after all tie-breakers have been applied), the standings as of the Sunday before that will be used. Keep going back until the tie is broken. If there is still a tie to the beginning of the season, the prior season�s final standings will be used. Additionally, after 5 games have been played, the �drop 105 spots� rule will apply to standings positions for teams not at the minimum points.

iii. Waivers that are unclaimed after this period will go to the first owner that announces a decision to pick-up the waiver. All owners who submit a claim for a waiver must announce the team that is picking-up the waiver.

iv. A team cannot claim a player waived from the owner�s other team until at least one other owner has had a chance to claim the player. (Est. 2001)

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G. Financial Policy

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1. Team Financial Obligations:

i. Each team shall pay their respective payroll as defined by the rules. (Est. 1992)

2. Owner Financial Obligations:

i. Each owner must ensure that they are up to date in paying league fees on behalf of their teams. The financial obligations are to be paid prior to Aannual Mmeeting. (Est. 1986)

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3. Prize Pool:

i. The first $150.00 of the prize pool should be used for league administrative purposes. (Est. 2000)

ii. Total prize pool will be divided into shares as follows:

� Regular season: Team awards

� League leader�� 25 shares x 1

� Conference leader�� 20 shares x 1

� Division leader�� 15 shares x 2

� 2^nd in Division�� 10 shares x 4

� Playoff berth�� 5 shares x 8

� Playoffs

� Victoria Cup Champion� �� 25 shares x 1

� Victoria Cup Finalist�� 15 shares x 1

� 2^nd round winner�� 10 shares x 2

� 1^st round winner�� 5 shares x 4

(Est. 1986, amend. 1997, amend. 2000, amend 2001)

4. Miscellaneous:

i. The league will issue a financial summary to all team members. (Est. 1986)

ii. All distributions and receipts will be settled with future entry fees. (Est. 1986)

iii. All league expenses must be approved by the CFO; or if amount is significant, by the league in general. (Est. 1986, amend. 1997)��

iv. Additional levies can be applied as required as long as it received unanimous approval by the league. (Est. 2000)

H. League Schedule of Events

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1. League Annual Meeting:

i. To be held the prior to the beginning of the TMHL season as determined by the CEO / President..

� Agenda items include:��

� completion of all drafts � remaining free agents and waiver drafts

� discharge of financial obligations � financial summary

� presentation of championship trophy

� league issues and rule proposals

� review of previous season (Est. 1986, amended 2009)

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2. Pre-Season Roster :

i. To be accomplished prior to first League games in October. (Est. 1986)

� All contracts signings, note the default for any player is 1 year if the owner does not indicate length of contract

� Submission of valid playing rosters. If you do not submit a valid roster, the league will automatically set a roster as follows:

Highest scoring players from the prior year at 1G, 2D, 1C, 1L, 1R and the next 4 highest players (keeping to rosters rules)

Should the team be illegal ie no G, does the league impose a player to make the roster legal and what are the ramifications

3. Trading Deadline:

i. As established by the COO prior to the beginning of the season � see E-1

� This is to set rosters for playoff purposes and to establish the rosters for salary considerations. (Est. 1986)

4. ~~Waiver Deadline~~End of Season Deadline:

i. Deadline of Tuesday following Victoria Day. �

� This is to finalize the waiver list and free agents for next season through buyouts, cuts and keeps. (Est. 1995)

� If you have not submitted your changes by this date, the default activity of the league to get the salary underr $32 Million, based on the standard TMHL rules of reversing the last transactions or actvitiy will be to first look at all renewable contract and remove the highest valued player and next if required until you are under. If there are no renewable players for this to occur, all amateurs and prospects will be removed and if that still does not bring you under, all your players will be exposed via dispersal draft and you will lost your next first round pick.

~~5. Spring Roster Freeze:~~

i. ~~Deadline of Tuesday following Victoria Day.~~

� ~~This is to finalize the list of free agents for next season. (Est. 1995~~)

�

I. Miscellaneous Issues

1. HAVE FUN !!

� The mantra of the League is to have FUN!� If you win the Victoria Cup, you will have BRAGGING RIGHTS for a year!

2. VICTORIA CUP !!

� The VICTORIA CUP is awarded annually to the team that displayed excellence in winning the league championship. This beautiful trophy will adorn the team headquarters of the victorious squad for the next 12 months.

3. League Motto:

� Dedicated to Friendship, Sports and Bragging Rights!��