Seeking Clarification on contract limits

[sumhzrd]

Is it correct that the limits on annual increases and decreases of no more than 10% apply only to the 2nd and subsequent years of the new contract?  And that the increase we can offer for 2101 can exceed 110% of what the player was paid last year?

Example:  Garreth Pollock earned 230K in 2100.  His new owner can offer him $10M for 2101, and then a range of $9M - $11m IN 2102.

[maxprime]

im no league official but that definitely what the rule means, doesnt matter what his old contract was

[Huckleberry]

Absolutely correct.  The rule applies only to each contract on its own.