"It technically means a new contract, as defined below.

Before the new CBA, a current contract could be extended and was called an extension. Now an extension means a new contract.


CBA


9.6 Player Contract Extensions. SPCs for Group 1 Players may not be extended.


11.10 No Renegotiation. In no event shall a Club and a Player negotiate a change in any terms of a Player SPC for the then-current season or for any remaining season of an SPC. This provision shall not prohibit a Player and Club from negotiating an extension to an existing SPC in accordance with the terms of Section 50.5(f)


(f)Contract Extensions.

(i) An “extension” of an SPC, as such term is used in this Agreement, shall mean a new SPC entered into between a Club and a Player, which SPC is to be effective immediately upon the expiration of the Club and Player’s existing SPC. To the extent a Club and Player enter into a valid contract extension during the final year of the Player’s SPC, the contract extension will be fully enforceable pursuant to its terms even in the event the Player is injured prior to the commencement date of the contract extension."



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